Kusnechik
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October 06, 2018, 12:20:32 PM |
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Perhaps this contributes to internal contradictions in the political and economic sphere of the Indian state.
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Rituvohra01
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October 06, 2018, 02:18:11 PM |
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In India cryptocurrency is banned their are many reasons behind this. First of all India is a developing country and the system may be afraid of decenteralized currency. Secondly, government may be afraid that this market destroy the economic system and many crime transaction are occured.
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Tangow3
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October 06, 2018, 02:32:30 PM |
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I think there have been people who use the cryptocurrencies in a way that the government frowns to it and that is why they might definitely ban it in India
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Thor....
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October 06, 2018, 03:00:03 PM |
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As far I know India banned bitcoin because they can not regulate it and also they don't want digital currency they give importance to their currency.
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Shresherya
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October 06, 2018, 03:22:50 PM |
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I dont know the reason but news on the ban on bitcoin in india makes bitcoin and Altcoin prices go down. at the moment we have seen that bitcoin and Altcoin are getting cheaper. everyone is worried about the state of bitcoin and Altcoin in the market because they are afraid of losing more if the price of bitcoin and Altcoin cheaper.
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#Paul
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October 06, 2018, 03:24:36 PM |
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i think there may be a different plan bcoz in case of a country they should think of there countrys development there ability of maintainng it so may not be it possible so they have not considered it has legal
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bangkecol
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October 06, 2018, 03:28:27 PM |
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i dont know why india is not legalizing the cryptocurrency ?
Many considerations that must be achieved to be accepted in a developing country such as India, one of them, may not yet be but not close the possibility that in the future bitcoin will be accepted in each country, one of which is also from India.
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Money mani
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October 06, 2018, 03:29:04 PM |
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India is a country with a large economic bubble. Those big capitalists monopolize real estate, transportation, finance. But the decentralized nature of cryptocurrencies is something they don't like,they choose to exclude it if they don't have full control over Bitcoin.
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aggeyysido
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The Intelligent Retail Currency
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October 10, 2018, 10:29:07 PM |
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I think that the main reason for the ban on cryptocurrency in India is the lack of opportunity to trace the legality of the financial transaction.
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Ⓞ fluzcoin Ⓞ █ The Intelligent Retail Currency █ ❐ Backed up by global retailers ❐ Legally compliant ❐ Non-speculative
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satriagedhe
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October 10, 2018, 11:30:20 PM |
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the goverment affraid of bitcoin and still have not enough info to implement bitcoin on their country , also dont have any regulation of it
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brotherwood12
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October 10, 2018, 11:33:31 PM |
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because india goverment are not ready to bitcoin , they dont have good reason to accept it , i think something like that
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kauban2018
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October 13, 2018, 11:52:28 AM |
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Most likely, the main reason for the cryptocurrency ban in India is that the government is not able to exercise control over the cryptocurrency.
There's are lot of reasons behind this issue which is the country India didn't legalize the cryptocurrency. Aside of the poverty that there country is currently facing, I think they are afraid to take some risk, afraid of not gaining profit even they work hard for it. And I also noticed that India has thr same characteristic from the other country which they don't understand the essence of it.
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anshkumandhan
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October 15, 2018, 08:26:14 AM |
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Actually, there are different kinds of misconceptions about crypto currency in India, and people are not fully aware of it, but research is continuing on this. There is speculation that the Indian government is also planning to make his own crypto currency. And one reason to ban crypto currency in India can also be that, negativity about crypto currency is very high in people here. Nor so much publicity on here about it and very few people know about it. And due to this ignorance, economic loss was possible, so the Indian government banned it.
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petermike
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October 15, 2018, 08:34:53 AM |
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In my opinion, the media has made a huge impact on India, making them feel unsafe to invest. In particular, SEC delays ETF will have a big impact, once it is not accepted, other countries will not accept it. A country with such high traditions as India will not be able to forget their money.
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amonymous
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October 15, 2018, 08:36:13 AM |
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Maybe India government can't trust Bitcoin because up or down price and their countries people get lossing their money.and we know people do not control Bitcoin industry.in just my opinion.
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seanskie18
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October 15, 2018, 08:40:25 AM |
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Some reasons why countries are banned from bitcoin because of their governments. Government wanted to get taxes coming from people in their businesses or any transaction processes. When people use bitcoin in transacting something, governments won't get any taxes from it. That's why they banned bitcoin or not legalized in some countries.
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sirohige
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October 15, 2018, 08:43:52 AM |
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in some cases ICOs often have SCAM cases that have members from India and it may be one of the causes of the ban on bitcoin circulation because there are so many such things that the news was heard by the Indian government making the name cryptocurrency bad in the country of India which caused the government India prohibits the circulation and use of cryptocurrency.
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lebowski75
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October 15, 2018, 09:28:54 AM |
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I heard that India is going to implement their own crypto currency. That's funny, maybe they don't want competition?
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