Adoption and Legality of Bitcoin and Cryptocurrency in india.

[BL46K 7193R]

Yes, in many countries of Asia, Bitcoin is not legally allowed to perform activities. In India, the Indian government has not accepted Bitcoin legally. Since many people in India are involved in this Bitcoin and other crypto coins, they have appealed in the Supreme Court. It is certainly a positive side to Indian Bitcoin users. Hopefully they'll get their expected results.

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1714729044

[avikz]

I doubt anything positive would happen under this government because ministers are more interested in religious politics without any intention of development.

This is exactly what I mentioned in one of my recent posts. With BJP back in power, the crypto situation will continue to stay uncertain in India and I am not expecting them to suddenly adopt and regulate crypto in the near future.

If it stays uncertain, it is a blessings in disguise for us! However, once Finance Ministry steps in, the ball will start rolling in opposite direction and then it will be very bad for us! Also the conception about bitcoin is still not clear for majority of the Indians, they still think it is illegal and they don't need cryptos in their life. I have recently joined MyLot and started posting one or two things about cryptos, the kind of bashing I have started receiving from Indians, is just huge! I don't hope anything positive under BJP governments in the next 5 years!

[Herbert2020]

I doubt anything positive would happen under this government because ministers are more interested in religious politics without any intention of development.

This is exactly what I mentioned in one of my recent posts. With BJP back in power, the crypto situation will continue to stay uncertain in India and I am not expecting them to suddenly adopt and regulate crypto in the near future.

If it stays uncertain, it is a blessings in disguise for us! However, once Finance Ministry steps in, the ball will start rolling in opposite direction and then it will be very bad for us! Also the conception about bitcoin is still not clear for majority of the Indians, they still think it is illegal and they don't need cryptos in their life. I have recently joined MyLot and started posting one or two things about cryptos, the kind of bashing I have started receiving from Indians, is just huge! I don't hope anything positive under BJP governments in the next 5 years!

don't be dishearten in most countries that their government has not even been negative about bitcoin, people have the same attitude sometimes because they have been misinformed by the media and lots of false information they find on the internet. so they bash anybody who says the truth that is in contradiction with their mislead thoughts.