Bitcoin Ban In India

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if you are constantly planning to cash it, then Yes, and if only for private use then I think you can come up with alternative ways

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[stayeduptolate]

Any one From India?

Is it true that Cryptos will be banned in India??

Do we have to Pay taxes to Indian Govt. For keeping Cryptos

Bitcoin is decentralised crypto currency all over the world as there is no such proper authentic regulating body over the bitcoin and only those countries has the right to regulate the bitcoin activities who has legalised bitcoin in their nation as there was a notice by reserve Bank of India that crypto will be banned and in month of July they has banned crypto from India but being decentralised, owning bitcoin is still not illegal as people could use international exchanges with very ease and there are assumptions that there could be some amendments in this notice also .

[kidoseagle0312]

Any one From India?

Is it true that Cryptos will be banned in India??

Do we have to Pay taxes to Indian Govt. For keeping Cryptos

Where did you get this information anyway? as far as I know the Government of Indian are not yet opened into crypto currency, in fact, their government itself are discouraging their co-citizen about in crypto currency, but not in the sense of banning crypto currency. You shouldn't believe so easily in a FUD news dude, be resourceful and search first.

[fmedia898]

hello am from india . Bitcoin not ban in india. indian bank not accept withdrawal from exchange like unocoin and zippay .

[Allenw]

hello am from india . Bitcoin not ban in india. indian bank not accept withdrawal from exchange like unocoin and zippay .

Yes, I agree with you, bitcoin is not completely banned in India. But right now in India, you can not withdrawal from Indian local exchange.

[Ava Duvall]

I think in This time bitcoin not banned in india,  because India is a big country in the world,  many People's live here and we know many People's are work in crypto world.
So i think bitcoin is not banned in india. It is a fake news.               

I heard so many opinions on this topic! some say its banned others say its not possible and on top of that there are so many misleading articles.

[remuy24]

The Indian government says that they do not consider crypto as a legitimate payment instrument and will try to remove coin-based payments such as bitcoin. India's commitment to end the use of BTC and other cryptocurrency in what it says is India's struggle against money laundering and terrorism financing.
The government does not recognize crypto as a legal coin and will take all steps to eliminate the use of crypto assets in financing illegal activities or as part of a payment system.

[Benatiabayer]

The cryptocurrency market is experiencing a lot of volatility, especially in India.
Regulatory tightening and policy ambiguity have shaken investors' trading. However, trading in these currencies isn't banned but remains ambiguous. Hope the cryptocurrency market will soon grow back.

[Soniapanesar]

As per RBI guidelines Bitcoin is not Ban in India , they are working on it make some regulations. They said that we cannot accept it as currency but trading is allowed. At the moment they ask banks to discontinue their service to buy and sell crypto but we can trade.

[vagsun]

According to me India till date has not imposed any strict ban on crypto, But according to Indian Finance minister's(Mr. Arun Jaitely) speech, he had advised to stay away from crypto. Moreover in Indian banks, notice boards are carrying a notice regarding "Be aware of Crypto" .Don't invest in crypto, increase your wealth by making a Fixed Deposit.

[zwiggel]

As far as I know the Indian government has accepted bitcoin and electronic money. This is good news for investors in India and around the world. It will help the bitcoin market to prosper and bitcoin prices will increase in the coming time.

[akshaynexus]

Zebpay closed their trade function,now is only a wallet for cryptocurrencies.Mostly we wont be able to use zebpay and other centralized exchanges for cryptos.But P2P still works fine

[bitterdog]

honestly i have not read about this matter further but, i think the government of India still not making a final decision regarding to the bitcoin. In one side they haven't accept bitcoin, but also on the other side, they're warning their people about the danger of bitcoin.

[Shresherya]

I know from my friends that in India it is still relatively open to bitcoin, which is a relatively free country, and will certainly not be completely banned in the country of bitcoin

[sk hossin]

as I know that bitcoin is not fully officially accepted in India, still it's under maintenance to get some the final decision in india

[PDNade]

Any one From India?

Is it true that Cryptos will be banned in India??

Do we have to Pay taxes to Indian Govt. For keeping Cryptos

Why they banned bitcoin in India  ?Is that because they do not get taxes from the people who using this when their people getting lot’s if money because it is has no taxes at all.Im just little bit curious on this Or maybe because they banned it because they are afraid of crimens using this transaction.

[bitcoinerjawa]

I don't think it will last long, and I make sure bitcoin in India in the future will start receiving payments and transactions using bitcoin because technology will always develop.