Are Indian investors in dilemma to make investment in cryptos!!!

[TomJ.Lawson]

As the supreme court has not officially announce to reduce the use of these cryptocurrencies, so I think investors will continue the process of investment till hearing any strict announcement.

[sponge_bob13]

I think between September all Indian have the regulation about cryptocurrency. And I wish it will be positive with cryptocurrency. There dilemma with cryptocurrency  will vanish.

[Beimere]

Indian investors are in a real worry right now as Govt. are taking time in allowing or declining the Crypto-currencies in Indian Market. But I will say all Indians who own BTC may stick with their investments. They may trade personally the BTC and other altcoins but one thing Crypto-market cannot be fully stopped in India as a corrupt is everywhere and Govt. if declines crypto, will be a major threat making the condition worse.

[larkscrypto]

I think Indian are not facing any kinds of dilemma to invest for this sector. Crypto is already accept by big company, and those company already has business in India so I believe it will create positive image among the Indian people.

[sponge_bob13]

From my point of view Indians are not face this types of problem. As crypto is already popular so many country. Also some company accept crypto already. So they are not in dilemma I think people will feel more interest towards in this market.

[Froby]

This is normal, but the Indian court has not yet decided. It can be expected, however, that Crypto's decision will be something that is good for investors. I would like to know more details.

[alanfox]

Even without the association of banks you can sell your cryptos by using peer to peer transaction or bypassing the law. However, RBI is unlikely to ban cryptos rather they will try to regulate it with a draft framework already in progress, in that way, they can make a profit for themselves too. But, if the investors want they can still sell or exchange their cryptos secretly which has been the case for many countries.

[Almirante3]

India is undecided about crypto-coins. The rulers and regulators of the country with more than 1.281 billion inhabitants have not yet reached a consensus if they ban or release the cryptoactive in the country.

[cryptohipo]

I think they are in a dilemma. Because the high court hasn't yet give it's decision and many are expecting that the court will withdraw the ban. Hopefully soon this dilemma will be over after the court had given it's judgment.

[libert19]

What will happen to people who didn't withdrew money back?

If you're referring to the people who didn't sell their bitcoin to fiat(rupees) before the denial, then it would be significantly harder for them to sell their bitcoin. Now, they'd have to transact peer-to-peer, meaning that they'd need to look for people who are willing to meet up in person to transact with bitcoin to fiat and vice versa..

No need to meetup in person. There are several online p2p exchanges you can use. Instashift is my personal favorite.

[florianuhlemann]

after this event, many will continue to buy bitcoin, only bypassing government decisions

[thomaseco]

In India crypto currency is not legal. So Indian investor they can't get any support from government. That’s why they confuse to investment large amount of money because they are afraid to government rules and regulation.

[Ferry22]

I think a Cryptocurrency investor will not be affected by government regulation, because Cryptocurrency is a very good investment. They don't need to be carried away by a dilemma if the Government prohibits it, there are still ways to get money even though the RBI prohibits activities in Cryptocurrency. And Indians will do that.

[AllenTurner]

I think there is no way of regret or dilemma because if the investor want to invest they can easily do this and also if they want to withdraw they can also do this.

[r32godzilla]

What will happen to people who didn't withdrew money back?

If you're referring to the people who didn't sell their bitcoin to fiat(rupees) before the denial, then it would be significantly harder for them to sell their bitcoin. Now, they'd have to transact peer-to-peer, meaning that they'd need to look for people who are willing to meet up in person to transact with bitcoin to fiat and vice versa..

Certainly not.They have an easier option of selling their bitcoinsin local bitcoins.com which I even use now without any issues.Thats it.

[kryptqnick]

With the recent adoption of the cryptocurrency in india and the resources been committed to the cryptocurrency by the indian government. it can be said that indians now have the assurance that there are no limitations in the idea of pumping resources into the crypto space ass investment.

I think we had quite a similar thing in my country to what is now happening in India. Ukrainian national bank made a statement that it doesn't recognize cryptos as means of payment and using any unrecognized 'money' is illegal. Some local FUD started afterwards, as if it was big deal, but it really wasn't. Nobody cares what the central bank thinks. It's up to the parlament to decide such matters. And just like RBI banned cryptos while DEA is working on legislation of some legalization (https://cointelegraph.com/news/india-government-to-consider-allowing-crypto-tokens-but-not-cryptocurrencies), project laws on legalization started to appear in Ukraine. We have to wait for Supreme court's decision in India on 11th of September anyway.