Future of crypto currency will be bright in India

[CharlesCorley]

Yes it is right because India consist a large number of people but I listened that India ban bitcoin weather it is true or rumor i still don't know.

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[Zre]

While the government does not give a positive look at the influence of the crypto currency in India, the crypto currency will be quite difficult in India, I hope many countries will also start from the Indian country to take bitkoyn,

[shadyrifles]

The government of India is positively commented on the adoption of Blockchain Technology. India's largest lender State Bank of India (SBI) to use the adoption of this technology for KYC and smart contracts by next month.
This is just a beginning, soon the majority of India will start using crypto and we can expect a bright future of cryptocurrencies in India.

[CoinsGazer]

What? India’s attitude towards cryptocurrencies has recently changed. Recently, India’s crytpocurrency ban has been officially implemented, and cryptocurrency including Bitcoin will completely stop trading. Cryptocurrency exchanges and cryptocurrency companies will now be unable to obtain loans or hold any bank account. Judging from the current situation, it is clearly becoming the "cold winter" of crypto currency, and all the headlines have been detrimental to the development of cryptocurrency.

[MTNAX]

This is good news. India can be an example and motivation for other countries to improve the country's economy. I think maybe not only in India, but it could be in another country. It all depends on how we use bitcoin itself, if we can smartly use it our economy will be better and in the coming year bitcoin will be even brighter.

[preikaler]

I hope this really happens because of the very unstable market conditions and makes everyone more worried about uncertain prices and continues to fluctuate. Hopefully what happens next can make the cryptocurrency still survive with the good news.

[Ace Amias]

As that not a final decision is made about the bitcoin in India the decision will be made on 11 sep so we can hope for good but it now only depends on the laws of India so we can not say anything about it.

[Slow death]

As that not a final decision is made about the bitcoin in India the decision will be made on 11 sep so we can hope for good but it now only depends on the laws of India so we can not say anything about it.

But we can try to guess what they will do. they will probably keep the ban

This is good news. India can be an example and motivation for other countries to improve the country's economy.

Nope. India is like China, this is not good

AUG 30, 2018

Reserve Bank of India Confirms It Is Looking Into Making a Central Bank Digital Currency

“Globally the rising costs of managing fiat paper/metallic money, have led central banks around the world to explore the option of introducing fiat digital currencies”.

this clearly shows that they know that fiat has a huge cost, but at the same time cryptos are not an option that they are allowed to use. In other words, they will continue to look at bitcoin as a great enemy that they must destroy

Police Arrest Alleged India Head of Now-Defunct Bitconnect Scam

India: Government to Consider Allowing Crypto Tokens, But Not Cryptocurrencies

This news made ma hopeful again about the future of cryptocurrency in India.

do not have hopes

[BitcoinMarshal]

Indian government is very confused about the cryptocurrency.  Because sometimes they ban bitcoin totally sometimes they say to unban bitcoin under regulations and still they can't come in a solution. I believe India will accept it very soon. A proper maintenance can bring out a positive result.  I think Indian government will step forward to accept this currency. I believe crypto market future will bright in India.

[xIIImaL]

I hope this really happens because of the very unstable market conditions and makes everyone more worried about uncertain prices and continues to fluctuate. Hopefully what happens next can make the cryptocurrency still survive with the good news.

If the price is not stable how do you saying that bitcoin is very much stable and it will be good future at this country. As I know this one of the most corrupted and worst political base country. There is no proper maintenance in the country base then how they will be take worthy cryptocurrencies is a main usage at their place.
So I will not be believe that this government will work over the crypto adoptions.

[Bulljcak]

Yes it is. Moreover increased participatiion by people in India.

and more investors will join.if they have more knowledge abou btc.it will grow in numbers.

[Radio-Active]

Previously Banks in India working under the rules framed by the central bank i.e. Reserve Bank of India ; the banks were instructed not to allow their customers debit their accounts maintained with the banks for purchase of crypto currency.

Against this order; one suit was filed in the Supreme Court of India.  During one hearing the Reserve Bank of India admitted that the instructions were given to check illegal transactions in the country.

Now Bank has admitted that regulation of crypto currency is their necessity.  This admission indicates that transactions will not be restricted but will be regulated.  So again the business will start.  Though final hearing is in September this year. 

I am very much positive that Central Government will definitely allow the transactions to take place but definitely will like to impose certain rules and regulations to stop money laundering; terror funding etc. Prime Minister Mr Modi is very much in favour of digitalization of money in India; so future of crypto in India seems very bright.
https://www.ccn.com/ban-u-turn-indias-central-bank-admits-cryptocurrency-regulation-is-necessary/

But i saw some scam ICO's from India, why was like that ? Does the regulator in India approved cryptocurrency ?
If it regulates for avoid criminal actions such money laundering and terrorism, then it is ok and good for India.

[pareshnakar]

maybe it great news if indian government justify crypto currency  and court will give decision positive so it will be bright in india

[nakarp]

maybe and if agree government of india

[Gadhoh]

Definitely future of crypto currency in India will be bright because RBI will regulate cryptocurrency in India and bank can't identified which transaction is illegal if crypto purchaser purchasing bitcoin from seller not from exchange also banks already say bitcoin regulation is necessity for banking systems, RBI can make some rules and policies for cryptocurrency purchasing and selling.

India considers that bitcoin is very attractive. The development of digital currencies will definitely be much better in the future, much safer from time to time and will be increasingly traded. This will definitely happen. Ibdia plans to make new regulations on the circulation of bitcoin in his country and that is good news for the world community.

[bajarang8668]

Definitely future of cryptocurrency will be bright in India because RBI (Reserve Bank of India) reverse their circular. And Indian people want use cryptocurrency because RBI print unlimited money it is dangerous for the economy.