armarsterling7
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June 05, 2019, 06:42:47 AM |
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What will happen to bitcoin in india. whether it is legal or not.
I think the price of BTC will soon grow strongly and the volume of transactions in India will increase in July. I have read an article and on July 7 Indians will no longer be exempt from tax when exporting to the US. This is considered a fatal shot in India. People are forced to search for cryptocurrency like people in Venezuela. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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GJ.COM
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June 05, 2019, 10:13:13 AM |
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even the government officially forbid bitcoin, ppl will find their way to buy it.
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CryptoBry
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June 06, 2019, 02:19:23 AM |
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Even the government officially forbid bitcoin, ppl will find their way to buy it.
Yes, of course. As long as there is a will, there is a way and even the power of the government could not virtually stop the bitcoin movement in India though it can be harder than usual. It would have been great if the India government would instead put up the regulations (they can follow Japan which is very strict) for the cryptocurrency industry. One big concern of the government is the proliferation of scams using bitcoin or cryptocurrency which already affected the country even before it is legal. Let's hope that soon the government will realize what the country miss with this burgeoning and unstoppable industry. |
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mersal
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June 06, 2019, 03:27:10 AM |
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even the government officially forbid bitcoin, ppl will find their way to buy it.
But it is against the rules of your government so you are ready to face the consequences of legal issues if there is any? People won't stop using it but the demand will greatly reduce if government ban it. |
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Kemarit
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June 06, 2019, 06:24:30 AM |
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even the government officially forbid bitcoin, ppl will find their way to buy it.
But it is against the rules of your government so you are ready to face the consequences of legal issues if there is any? People won't stop using it but the demand will greatly reduce if government ban it. So it will be a continues battle for Bitcoin enthusiast in India if government will just decided to ban crypto. Of course there will be consequences if you are caught, but I don't think it will stop India from riding on Bitcoin because they know that it's a alternatives for those who are un-bank, average Indians. The future though doesn't look bright at this point, buy I guess everyone is willing to take the risk and still invest/trade in this country as Bitcoin is a technology that can make or break everyone, specially those from developing countries like India. |
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mersal
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June 06, 2019, 06:53:46 AM |
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even the government officially forbid bitcoin, ppl will find their way to buy it.
But it is against the rules of your government so you are ready to face the consequences of legal issues if there is any? People won't stop using it but the demand will greatly reduce if government ban it. So it will be a continues battle for Bitcoin enthusiast in India if government will just decided to ban crypto. Of course there will be consequences if you are caught, but I don't think it will stop India from riding on Bitcoin because they know that it's a alternatives for those who are un-bank, average Indians. The future though doesn't look bright at this point, buy I guess everyone is willing to take the risk and still invest/trade in this country as Bitcoin is a technology that can make or break everyone, specially those from developing countries like India. India is not going to ban,its just the banks were trying to go against it,even now people still using banks for buying and selling bitcoin in India through sites like localitcoin when central banks said all their banks to stop crypto related transactions.And other options also available like paypal if banks strictly implement their rule against crypto. |
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Botnake
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June 06, 2019, 07:20:25 AM |
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You should be concern with that especially if you are in India. I am not living in that country but last time I heard, exchanges are ban, but don't know about the progress now. Well, I am not expecting them to be anti crypto for a long period of time, things will change and they'll eventually adopt. Big country embrace crypto, and this is a change that gives good benefits to people so let's give the freedom to the people to use crypto. Sharing this to you - https://cointelegraph.com/news/indias-complex-relationship-with-crypto |
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Cosbycoin
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June 06, 2019, 10:14:26 AM |
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What will happen to bitcoin in india. whether it is legal or not.
I don't think there is anything that is happening to Bitcoin in India. I got a news that they have restricted the use of Bitcoin in India, but that same year my friend who is living India was still making use of Bitcoin and I even send and receive money from him like every two weeks. So I don't really know if it is legal there or not, but since he's still making use of it, so I guess there is nothing happening and bitcoin is safe there. Maybe you should do your research or ask other people that are living there how it has been for them. |
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iMark
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June 06, 2019, 04:56:26 PM |
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What will happen to bitcoin in india. whether it is legal or not.
I really don't know if is now legal or if people from India use it. But last year there was some news saying bitcoin is restricted on India. You are in India now and can't use or buy bitcoin? According to several sites on the internet, India indeed still ban the use of bitcoin. but we know that the government will not conduct raids for bitcoin users in their countries, it will be difficult to track and cant get strong evidence anyway. actually we need direct comments from bitcoin users from india about this, to get more clear answer |
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sana54210
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June 07, 2019, 06:03:22 AM |
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What will happen to bitcoin in india. whether it is legal or not.
I think sooner or later, India will also accept bitcoin to get a new industry to help people get more money from the new market. In the near future, the US will not exempt tariffs for products in India anymore. I predict that there will be an economic recession in India if they cannot find a new alternative. right, India is a developing country that is heading for developed countries. so it doesn't surprise if bitcoin will shine in that country. they have a lot of human resources, so that if managed properly, it will produce good too When it comes to IT, Indians are too intelligent and I wonder why they are the ones having issues with government as regards cryptocurrency, are people really sure that bitcoin was banned in India, because most of my friends are from India and they use cryptocurrency basically every day to transact their businesses, and with the number of usage I have seen, I don’t think it speaks the language of a banned projects at all. Anyway, they are too smart to find a way around it, I mean the Indians, luckily for them, they have an anonymous system right in from of them that will make it easy for them to use without their government influence. |
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jademaxsuy
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June 07, 2019, 08:33:10 AM |
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You should be concern with that especially if you are in India. I am not living in that country but last time I heard, exchanges are ban, but don't know about the progress now. Well, I am not expecting them to be anti crypto for a long period of time, things will change and they'll eventually adopt. Big country embrace crypto, and this is a change that gives good benefits to people so let's give the freedom to the people to use crypto. Sharing this to you - https://cointelegraph.com/news/indias-complex-relationship-with-cryptoI have read a thread here stating that India has lifting the ban for cryptocurrency but not for all crypto because they still ban those weak altcoins in the cryptomarket. Bitcoin was already being identify and the community could already enjoy buying or investing bitcoin in their local. Aside from there are strong altcoins also that indian government had allowed for the indian community. So, there is no way that indian people will not enjoy cryptocurrency. |
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michellee
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June 07, 2019, 01:19:35 PM |
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I hope that bitcoin can be accepted in India and the government will not ban bitcoin so their people could still use bitcoin for the good things. I am sure that from a long time ago, people in India have already got the benefits from bitcoin and they still want to get more benefits from bitcoin. They can make money from bitcoin, which will help them to solve the financial problem in their life, and I think the spreading of bitcoin or cryptocurrency will be running good in India.
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bettercrypto
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June 07, 2019, 01:50:56 PM |
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What will happen to bitcoin in india. whether it is legal or not.
I am not living in India but I heard a lot of news that India banned cryptocurrency because it was harmful for their citizens. Well, it is up to them. Even it is legal or not, the world of crypto does not care. Many people are interested in innovations and if they left in technology, they have their own fault. |
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davinchi
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June 07, 2019, 02:29:31 PM |
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I wouldn't know there was this many ban talks about India if I didn't see it here. I have many Indian friends I made here and it is the perfect currency for almost all Indianans that work remotely. I mean look at places like fiverr and upwork and so forth, India is a cheaper country than USA and they are still doing their job with high quality (specially on SEO and coding) so you are basically paying less for a job that is equally well and they are still getting paid more than usual and bitcoin helps that a lot (the norm used to be paypal).
In my years on being interested in crypto I have both worked with and worked for Indians and they have always used bitcoin without much trouble as far as I knew, didn't know they had bans on their country by our talks if I didn't see the ban talks here.
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eaLiTy
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June 07, 2019, 04:37:54 PM |
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What will happen to bitcoin in india. whether it is legal or not.
There is a new development from India that the government has proposed a new bill that puts who trade and hold bitcoin in jail for ten years which is outrageous as we can clearly see their lack of intelligence when you compare the sentence you get for heinous crimes which is much less than the proposed punishment for holding bitcoin  , if they approach towards technology and the new market like this, new starts ups will move out from India as there are other countries in Asia that welcomes the new technology with open hands. |
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nerlial
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June 07, 2019, 06:30:49 PM |
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Bitcoin in India will be used in any case and nobody else in the world could prohibit the use of bitcoin. Laws stop crypto enthusiasts a little.
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adzino
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www.Crypto.Games: Multiple coins, multiple games
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June 07, 2019, 06:37:12 PM |
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I don't know what the stance of Bitcoin is by the Indian government but does it really matter? Even if the government bans bitcoin in their country, people will still be using it. There is no way the government will be able to know who is using the bitcoin unless his wallet is somehow linked to his real life identification. What is going to happen is that people will face a bit difficulty when trying to convert their coins to fiat currency while they will be still using it like before.
If you are talking about the price being affected globally, then I don't think any major affect will take place on the price of bitcoin.
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hatshepsut93
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June 07, 2019, 07:50:04 PM |
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If Bitcoin will get banned like it was recently proposed, Bitcoin will go underground in India, trades will be done in cash or with foreign payment methods (PayPal and other), because using Indian banks for buying/selling BTC will be too risky. Also there will be no big mining in India, only some private GPU mining of altcoins, if it will still be profitable. Exchanges and other services won't work in India, and Indians will have to use proxies to get there, but since many exchanges have KYC, it will be very hard to get there. This might significantly affect prices in India, they can be much higher than in other parts of the world, because of this artificial scarcity.
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Godday
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June 08, 2019, 02:39:24 AM |
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even the government officially forbid bitcoin, ppl will find their way to buy it.
for now there are still many countries that forbid crypto and bitcoin currencies especially because maybe the country's government is afraid of negative results to be obtained but I am sure that one day it will be needed along with the times and technology |
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