rajkr (OP)
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July 05, 2018, 02:58:32 PM |
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Indian exchanges have announced that no crypto-fiat exchanges will be allowed till further RBI notice.So now the future of Crypto in india is in dilemma.
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cryptodalton
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July 06, 2018, 06:22:19 AM |
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That's sad to know. May be RBI is taking crypto currency as a threat. Probably, they are thinking that this may somewhat replace the fiat currency in the big cities of India. However, I'm hopeful that soon RBI will change their decision and accept crypto currency.
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JamescrypTrader
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July 06, 2018, 06:42:08 AM |
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OH! Finally it is announced in India. RBI has just disallowed all kind of crypto based transaction all over India. I think a lot of crypto enthusiast will stay behind due to this decision. However, let's wait and see whether RBI change their decision with time.
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sud
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July 06, 2018, 07:22:25 AM |
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Another country banning cryptocurrencies without knowing anything about it. Well, good thing that India isn't significant player on crypto market, so we won't see any impact like it was with China.
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Retty
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July 06, 2018, 07:53:09 AM |
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Its happening every other week now, someone bans it then they reintroduce it further down the line. A lot of these countries/governments should actually do a little due diligence before making such bold moves.
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RevolutioNz
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July 07, 2018, 02:57:04 AM |
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Recenty the Indian exchange have made an announcement that until further notice from RBI no crypto currency transactions will be allowed in India.
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millionaireshs
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July 07, 2018, 04:02:05 AM |
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Indian exchanges have announced that no crypto-fiat exchanges will be allowed till further RBI notice.So now the future of Crypto in india is in dilemma.
That's the one sample of Country that totally prohibited to use Bitcoin. If all country has to do that no reason why bitcoin continue operated, they have to doin that because banking system is india was really good. and they don not want it to crack down because of bitcoin. |
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virendarnagpal
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July 07, 2018, 04:12:17 AM |
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It is not correct statement. Exchanges have not disallowed the transaction in crypto vs. fiat. It is the Reserve Bank of India which instructed the Banks working in India ; to not to facilitate their customer pay for the purchase of crypto currency. So now no customer of a bank is able to buy crypto currency by making payment for their account.
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Maestro75
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July 07, 2018, 05:25:39 AM |
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I do not know what the Indian government gains from banning crypto transactions in the country. Such a poor country should allow bitcoin in so as to enable the citizens have a level of financial freedom. What a pity that they like the Phillipines have bad leaders.
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Pursuer
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Where is my ring of blades...
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July 07, 2018, 05:58:44 AM |
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So now the future of Crypto in india is in dilemma.
there is no "dilemma" here! bitcoin is going to be used as before by the Indians but now they will be doing their trades elsewhere instead of doing it on Zebpay. and altcoins are still the same shitcoins with no future so we are clear on that front also. and when all of this drama is settled bitcoin is still the same decentralized currency that nobody can't do anything about to stop it. |
Only Bitcoin
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Jesusghergo
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July 07, 2018, 06:05:14 AM |
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So now the future of Crypto in india is in dilemma.
there is no "dilemma" here! bitcoin is going to be used as before by the Indians but now they will be doing their trades elsewhere instead of doing it on Zebpay. and altcoins are still the same shitcoins with no future so we are clear on that front also. and when all of this drama is settled bitcoin is still the same decentralized currency that nobody can't do anything about to stop it. So just as like you said and prove buddy, the crypto currency life in India is not in dilemna. I am glad that people of India that uses Bitcoin can still use it as before and will not happen to be banned permanently. I hope more people will open their mind to the crypto world and be in one way to us and make the crypto world into a much better for the benefits of each and one of us. |
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Pursuer
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Where is my ring of blades...
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July 07, 2018, 06:19:37 AM |
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So now the future of Crypto in india is in dilemma.
there is no "dilemma" here! bitcoin is going to be used as before by the Indians but now they will be doing their trades elsewhere instead of doing it on Zebpay. and altcoins are still the same shitcoins with no future so we are clear on that front also. and when all of this drama is settled bitcoin is still the same decentralized currency that nobody can't do anything about to stop it. So just as like you said and prove buddy, the crypto currency life in India is not in dilemna. I am glad that people of India that uses Bitcoin can still use it as before and will not happen to be banned permanently. I hope more people will open their mind to the crypto world and be in one way to us and make the crypto world into a much better for the benefits of each and one of us. well bitcoin or altcoins are not banned in India. this is just bank shenanigans that the Indians have to endure every day. and this is not the first time they are encountering this type of problems, unlike what these topics tell you it didn't start this month. it has been going on for over a year now but in different forms and every time with a new drama. but since bitcoin price is now at the bottom and some people want it to go lower, you keep hearing the "negative" news over and over again in an exaggerated manner. |
Only Bitcoin
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Dudeperfect
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July 07, 2018, 06:26:02 AM |
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Well, it is true that we cannot use exchanges to deposit or withdraw money in fiat currency. However, we can always use platforms like localbitcoins where we are allowed to make one to one trade even using the banking channels. So if you want to sell your Bitcoins and I want to buy it then we can still use bank accounts through NEFT/RTGS/UPI options and use localbitcoins for maintaining security in the throughout the trade process.
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BitcoinHodler
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July 07, 2018, 06:36:33 AM |
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"now"?!! this is 3-4 days old and the warning for disabling deposits and withdrawals of fiat (Ruppee) came out a couple of weeks ago (i think it was about 1 month-4 weeks ago)! and they always had crypto-to-crypto trading which has not changed so far. |
Holding Bitcoin More Every Day
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ionabori
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July 07, 2018, 06:51:42 AM |
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Indian exchanges have announced that no crypto-fiat exchanges will be allowed till further RBI notice.So now the future of Crypto in india is in dilemma.
An interesting thing to observe is that in some exchange INR deposits and withdrawals are still working like Unocoin. This means that all banks have not followed the RBI circular. Even Zebpay just paused before a day saying that it is following RBI notice. The exchange did not mention if it got any notice from the banks it was using. This means that banks have actually not got any official letter from RBI to impose the ban on 5th July. |
▐ ▌ MoonX ▐ ▌
─── http://www.moon.family/ ───
TRADE, EARN & OWN THE EXCHANGE |
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wantjokull
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July 07, 2018, 07:07:48 AM |
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Indian exchanges have announced that no crypto-fiat exchanges will be allowed till further RBI notice.So now the future of Crypto in india is in dilemma.
Lolz. It’s not in dilemma mate, it’s ruined, it’s gone forever if some other economics committe doesn’t stand up against RBI. Anyway big institute like AIMIA stood against the RBI with petition but what happened ? Everything got messed up and Supreme Court still backed up RBI. It’s politics mate, India is full of politics and not developments or futures, just forget about it. |
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Roberttran
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July 07, 2018, 07:20:02 AM |
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I do not know what the Indian government gains from banning crypto transactions in the country. Such a poor country should allow bitcoin in so as to enable the citizens have a level of financial freedom. What a pity that they like the Phillipines have bad leaders.
Maybe they are scared. Because bitcoin is a decentralized platform and not viable it leaves them unable to control bitcoin. I think this is a temporary announcement. Bitcoin is currently being accepted in many countries around the world. They can not ban it forever. It will be outdated |
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rajkr (OP)
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July 07, 2018, 07:25:57 AM |
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"now"?!! this is 3-4 days old and the warning for disabling deposits and withdrawals of fiat (Ruppee) came out a couple of weeks ago (i think it was about 1 month-4 weeks ago)! and they always had crypto-to-crypto trading which has not changed so far. Now waiting for another ways to convert crypto to Fiat currency.Or may have crypto for longer investment as good assets |
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maichimoto
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July 07, 2018, 07:28:03 AM |
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Indian exchanges have announced that no crypto-fiat exchanges will be allowed till further RBI notice.So now the future of Crypto in india is in dilemma.
it is not. Just because it can't be traded with fiat there, it doesn't mean it's in jeopardy. Whatever the regulators will say, crypto will find the way. I'm sure India don't want to fall behind on crypto though |
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