Crypto Now Legal In India?

[Assface16678]

Cryptocurrency legalization in India has a great impact in their country. As we go back from the years where in Indian Government are against on it, a lot of projects that were developed and organized by Indians turned into a failed projects and some are totally SCAMS because of it's Government unwanted issues.. It really were painful for them to be so called SCAMMERS even if they weren't the ones who made the problems.. And as they legalized it and one project stands to it's purpose of introducing CRYPTO in their country, MASS adoption will come on their way.. People now will start to accept and to understand how crypto really helps today... Congratulations India.. Welcome to Crypto market...

One of the most secured transaction today is the use of cryptocurrency and many people are using it because they know it is faster and does not need too much verification most of the users today are widely spreading the use of it and one of the largest countries today are now using it before China next is south Korea and finally now the India those country are one of the most profitable countries that wants to make more adaptation with the use of money and transferring funds and that was great news to all of us because there are many people today now are making a huge contribution into the field of cryptocurrency but still there are some restrictions about their funds like just limiting the transaction to avoid scamming, and hacking.

[yohananaomi]

Cryptocurrency legalization in India has a great impact in their country. As we go back from the years where in Indian Government are against on it, a lot of projects that were developed and organized by Indians turned into a failed projects and some are totally SCAMS because of it's Government unwanted issues.. It really were painful for them to be so called SCAMMERS even if they weren't the ones who made the problems.. And as they legalized it and one project stands to it's purpose of introducing CRYPTO in their country, MASS adoption will come on their way.. People now will start to accept and to understand how crypto really helps today... Congratulations India.. Welcome to Crypto market...

India actually includes technology in the country that is updating itself with very rapid development with that technology. so it should be appropriate for the state to accept crypto and legalize it. I agree with you from many projects that a scam,  is better the government can manage it well so that not many are abusing it.
globally means crypto has increased recognition from the country, this is a very good prospect for crypto itself.

[Oasisman]

I wasn't aware that there was a massive ban of Bitcoin in India?
I thought it was all legal since it was first introduced?
I mean, I saw a lot of Indian people who are crypto enthusiast, investors, and some even have projects. I saw Indian people talking about Bitcoin and other alts on YouTube.
Anyway, these legalization will surely give positive outcome for the investors and project developers in the country. I'm just not sure whether it will give good impact to Bitcoin's the current price trend today.

[isaac_clarke22]

I can see it from another different approach.
Cryptos are legalised in South Korea and recently the government encourage people tu use crypto for paiement to maximly avoid body contact that helps Corona virus to spread. the Bank of England advises people to wash their hands after handling money because it can hold bacteria and viruses. So it's adviseble to set a contactless system for regular paiements. Nothing but the technology can help in this case .
It's maybe another initiative from India after the news that the virus can be transmitted by money touch.

I read that already in other threads here and I am still surprised that it isn't legalised before in SK, judging that it is almost like it is a developed country as Japan so I expect that it is widely used there by now.
Somehow I see the current outbreak also as an angle of why we're getting many legalization lately, but on the other side of my thoughts, Fed is also quarantining money to avoid the spread of the virus though.

[minairia3]

Although Cryptocurrency have been legal in India many community and institution want to banned bitcoin as legal payment and transaction bitcoin there, they have try to make justice law with bitcoin to review for legalizing of bitcoin transaction and try to banned bitcoin in India.

Not really, only some oppose this. Yes not all are favor with the court rule but as you can see, crypto wins and the supreme court itself announce their support to it. To be honest, this legalization proves that crypto can indeed be legalized on other country like what happened on South Korea and France. In my opinion this initiative will be follow by other countries if not now later on.

[cryptoangel]

Although Cryptocurrency have been legal in India many community and institution want to banned bitcoin as legal payment and transaction bitcoin there, they have try to make justice law with bitcoin to review for legalizing of bitcoin transaction and try to banned bitcoin in India.

Not really, only some oppose this. Yes not all are favor with the court rule but as you can see, crypto wins and the supreme court itself announce their support to it. To be honest, this legalization proves that crypto can indeed be legalized on other country like what happened on South Korea and France. In my opinion this initiative will be follow by other countries if not now later on.

Obviously, Bitcoin will be the upcoming globalized coin so gradually all the countries are accepting the Bitcoin. The recent drawback was little affect the many investors so slowly it will accepting the legal. I think currently corona virus was slowly affect the all the countries so it make big noise in crypto  platform. Once stopped the corona issues automatically bitcoin will going to moon.

[target]

Its a crazy world that the market reacts differently while countries are not legalizing crypto. Would there be a possibility that India will also be releasing their digital rupee?

Although Cryptocurrency have been legal in India many community and institution want to banned bitcoin as legal payment and transaction bitcoin there, they have try to make justice law with bitcoin to review for legalizing of bitcoin transaction and try to banned bitcoin in India.

Not really, only some oppose this. Yes not all are favor with the court rule but as you can see, crypto wins and the supreme court itself announce their support to it. To be honest, this legalization proves that crypto can indeed be legalized on other country like what happened on South Korea and France. In my opinion this initiative will be follow by other countries if not now later on.

Obviously, Bitcoin will be the upcoming globalized coin so gradually all the countries are accepting the Bitcoin. The recent drawback was little affect the many investors so slowly it will accepting the legal. I think currently corona virus was slowly affect the all the countries so it make big noise in crypto  platform. Once stopped the corona issues automatically bitcoin will going to moon.

The market is collapsing while we keep seeing covid19 to be the reason.  Its very crazy actually that it took months already yet there is no cure for this corona virus. Maybe its not going to stop until countries will all legalize crypto and turn to cryptocurrency after all the banknotes are collected.

[White Christmas]

Blockchain advocates have hailed the recent Indian Supreme Court’s pro-crypto ruling as a landmark for adoption and development. Now, new forces are emerging that seek to put the brakes on India’s rapid embrace of cryptocurrency.  What do you think about the future of crypto in India, guys?

If that's the case then it was a really good news for us. The legalization of cryptocurrency in India will be a good help for all of us in order to convinced more countries to adapt and promote the legalization of cryptocurrency to their country, I am just hoping if this happening will have a great impact to the marketplace of the India or the economic rating of the said country.

[Shasha80]

Although I am not a citizen of India, but I am very happy to hear the news that the country of India finally legalized cryptocurrency.
Actually I am not surprised that the state of India will legalize cryptocurrency, because indeed the number of Indian citizens has
cryptocurrency includes many. Even the number of bitcointalk forum members is a lot of Indian citizens, and after the government
India legalizes cryptocurrency I am sure the development of cryptocurrency in India will be more rapid.

[Janation]

That was a great move by india legalizing crypto in their country it really help the cryptocurrency adoption, following india I think south korea also making the same move. I am seeing most indian base project are also making some noise right now.

It is a good decision but I can still remember when they banned it.

I don't know what changed their mind but as far as I know, this is still not completely true? There are still those articles that say it is still being talked about and still not finalized. If this is now true though, I can say that there are a lot of good things happening with Bitcoin and other cryptocurrencies, despite the dump, it will keep on getting better.

[metenjean]

Today become bad moment for cryptocurrency after faced with Corona virus and make bitcoin and many altcoin going down to lower price, I don't know why without bad news bitcoin suddenly going down to lower price and crash more than 30%.

[FlightyPouch]

Blockchain advocates have hailed the recent Indian Supreme Court’s pro-crypto ruling as a landmark for adoption and development. Now, new forces are emerging that seek to put the brakes on India’s rapid embrace of cryptocurrency.  What do you think about the future of crypto in India, guys?

Is this really true? Someone posted here and I can't find it now that this is still being talked by the government of India. In terms of its future, I think it would be good since India is one of those countries that supports Mobile payment. With bitcoin, I think India would love using it.

Today become bad moment for cryptocurrency after faced with Corona virus and make bitcoin and many altcoin going down to lower price, I don't know why without bad news bitcoin suddenly going down to lower price and crash more than 30%.

We can't really say that this pandemic is affecting bitcoin. There are a lot of other reasons why the price fell and that is not because of it.

[alexsandria]

Blockchain advocates have hailed the recent Indian Supreme Court’s pro-crypto ruling as a landmark for adoption and development. Now, new forces are emerging that seek to put the brakes on India’s rapid embrace of cryptocurrency.  What do you think about the future of crypto in India, guys?

the future of the cryptocurrency in india may be become a positive and very bright because we all know that cryptocurrency may help the economy of the country because of this ability to transform in many method and fields and maybe the india saw the positive and bright future of cryptocurrency to the country so that they will be able to adapt it except it eventually.
We're just hoping that the side of the engine become a very awesome and which the cryptocurrency will be legalized on them.

[isabella17]

Earlier in March, Indian Govt & RBI officially announced cryptocurrencies are legal in India. So, most crypto traders are interested in investing in cryptocurrencies. But, they need no centralized authority or middle man. If you are the entrepreneur who wants to invest your capital in Cryptocurrencies, this is the right time to forward into the crypto marketplace. If you want your exchange more familiar like Coinbase, I would like to assist one such Idea, that is starting an exchange with INR based, so you can easily sell more cryptocurrency because of the popularity of India. In the future, you will become the heavy competitor of all the popular cryptocurrency exchange platforms.

[julius caesar]

Blockchain advocates have hailed the recent Indian Supreme Court’s pro-crypto ruling as a landmark for adoption and development. Now, new forces are emerging that seek to put the brakes on India’s rapid embrace of cryptocurrency.  What do you think about the future of crypto in India, guys?

The legalization of bitcoin in India will have a huge impact to the current economy of the market. It might lead to rising up of the price since there are new community that supports the usage of bitcoin. It might encourage also other countries to legalize bitcoin in their country also if they saw the positive impact of it.

[AniviaBtc]

Blockchain advocates have hailed the recent Indian Supreme Court’s pro-crypto ruling as a landmark for adoption and development. Now, new forces are emerging that seek to put the brakes on India’s rapid embrace of cryptocurrency.  What do you think about the future of crypto in India, guys?

That was a great move by india legalizing crypto in their country it really help the cryptocurrency adoption, following india I think south korea also making the same move. I am seeing most indian base project are also making some noise right now.

With India, it's somehow interesting how it took this step now without a previous pre-announcement, while the Indians with the rest of world are busy with other stuff.
India was always known by it's fight against legalising the use of the crypto popularly.
I wish if op can provide the source of the news he told about, just to avoid unnecessary confusions .

During hard times due to the Covid-19, we need a good news like this. Mass adoption is really gaining more people in some part of the world and it will really help us achieve our goal in cryptocurrency. India has the 2nd most largest population in the world and it will become a good factor for the cryptocurrency to grow. Hopefully, India reach its goal to legalized cryptocurrency in its country and I know that people will not have a hard time promoting it. Again, due to the virus, I think South Korea will encounter some hard time to pass the movement of legalizing the cryptocurrency in their country. But as a crypto user, i'm hoping for them that they will also be successful just like India.

[fiulpro]

Not just legal but banks have started buying and selling Bitcoins , people can even witness the zebpay going back to the times where there were no restrictions on bitcoins .
India have made bitcoins legal and this is going to improve later in the years for sure.
People actually stood up to the government and the good thing is government listened unlike many other countries India is going onna good road and I think it is going to become bitcoins hub in the next years.

[carlisle1]

Today become bad moment for cryptocurrency after faced with Corona virus and make bitcoin and many altcoin going down to lower price, I don't know why without bad news bitcoin suddenly going down to lower price and crash more than 30%.

There. Is a Bad news mate and you have already mentioned that Corona Virus makes everything in the world shaking now.imagine falling more than 45% in just 1 day?

Even how good news like this and South Korea accepting bitcoin also cannot hold the market but continues to fall.so for this we only need to buy and never sell unless we purchased our bitcoin last January 2019 when the price drops to $3000 so there is still profit you can have.

[jumail]

~What do you think about the future of crypto in India, guys?

What else? will certainly get better. The advantage is the population and the technology is quite strong, a qualified developer in the field. A successful project from there that I know of is Matic, one of the most popular startups. You can see here other Indian projects that you should know about https://t.me/ico_analytic/1663.  The market potential is also good for a large population. maximizing the adoption of crypto in various fields there will be very potential.

[qory]

Good news after several year India banned using bitcoin as investment and digital assets for trading and as currency payment, when India have make bitcoin become legal transaction need for seeing other country want to adopt bitcoin and altcoin as legal payment too.