Crypto Now Legal In India?

[elsniper]

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?

[1715362219]

1715362219

[1715362219]

1715362219

[dul48]

They have no opportunity to avoid crypto I think. It will be legal coz a lot of their people are on the blockchain market.

[angelo2]

Still can't understand why everyone is so hyping around crypto and India.

[Rengga Jati]

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

First of all, if you find out this news from somewhere, please include the link here.
Regarding the crypto in India, it should have a better future with this legalization. I think with the big population in India, it potentially brings some impacts on crypto world.   

Still can't understand why everyone is so hyping around crypto and India.

People may hope for a positive impact from the legalization crypto in India. Sometimes, the good news about the adoption of crypto in a country can trigger a positive move in crypto prices. I assume this is what some people expect from the legalization news. 

[Wysi]

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

First of all, if you find out this news from somewhere, please include the link here.
Regarding the crypto in India, it should have a better future with this legalization. I think with the big population in India, it potentially brings some impacts on crypto world.   

Still can't understand why everyone is so hyping around crypto and India.

People may hope for a positive impact from the legalization crypto in India. Sometimes, the good news about the adoption of crypto in a country can trigger a positive move in crypto prices. I assume this is what some people expect from the legalization news. 

We have already witnessed the affect of crypto legalization in India as the wazirx coin's value had pumped up as its based out of India and most of the users who were operating through proxy or secretly don't have to take any further risk as its legal now and considering the number of users who might adopt Bitcoin now post green signal from the government will be massive and we might see further projects based out of India.

[coupable]

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.

[LbtalkL]

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.

[Yamifoud]

It was legalized already but the question is, are they prepare for the risk that involves in crypto? I don't want to discriminate against the people in India but I'm not sure if they are willing to take the risk nor they have knowledge in crypto that could help to succeed.

Anyway, that was great news to hear and hopefully, it will be supported by the locals. People might give their interest in the future and have crypto establish in there will give them an option to take and accepted as a mode of payment. And find it more useful in their daily life.

[coupable]

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 .

[btc_angela]

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

The future really looks bright for our Indian crypto enthusiast. I mean they can now freely trade bitcoin without looking at their shoulders as if someone is following your every crypto move.

It could also boost crypto In way, imagine just 10% of the population or even 1%, joining the crypto space, that will be huge, in my opinion.

[qory]

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.

[rodskee]

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?

IMO India is one promising place for Crypto,aside from being one of the largest country and population also Indians wealth
 is enough to stay and support cryptocurrency specially not for today but for their future.this is a Big market for Bitcoin specifically
having their Big movie industtry Bolliwood and Gold capital also?maybe in time people will consider Holding Bitcoin than Gold for much safer investment and for longer term profiting.

[maxreish]

The last time they have banned cryptocurrency in their cpuntry,

The Reserve Bank of India  had imposed a ban on cryptocurrency trading in April 2018 that barred banks and other financial institutions from facilitating “any service in relation to virtual currencies.”

Now, they lifted it already.

“Historic day for Crypto in India. We can now innovate. The entire country can participate in the Blockchain  revolution,”

Isn't great to see that they finally can use bitcoin without thinking that they are violating some laws. They can now participate in this new technology and enjoy the advantage of this bitcoin. India made a good decision to finally accept bitcoin as it can also help in financial status.

[pooya87]

i don't know about "crypto" but bitcoin has always been legal in India as far as i can tell. but like always a lot of people fell for the social media nonsense that believed that it is banned over there while the only thing that happened was that their banks started causing problems for their customers who were using their accounts to dump fiat and buy bitcoin and eventually closed any account that did this. that has nothing to do with a "ban" or "legality" though.

[qory]

Will other country allowed for make bitcoin become legal transaction in their country? I think best way when bitcoin have been legal payment currency transaction because give more opportunity to get much profit when bitcoin going up and take us most easy when make transaction to all countries in the world.

[bassbity]

Will other country allowed for make bitcoin become legal transaction in their country? I think best way when bitcoin have been legal payment currency transaction because give more opportunity to get much profit when bitcoin going up and take us most easy when make transaction to all countries in the world.

I think it also takes time for other countries to permit bitcoin in their own country, especially as a legal payment tool, and this is still polemic, there are also some who oppose it, so that bitcoin is still above reasonable
For in India this news has been circulating a few days ago so there have been many positive appearances for those who heard it, especially in the last few with the rise in bitcoin I think that's quite positive.

[garyrowe]

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?

For the benefit of those that would like to get a direct link to the ruling of the supreme court against the ban placed by the Indian reserve bank on crypto, here is the link https://www.coindesk.com/indias-supreme-court-lifts-banking-ban-on-crypto-exchanges . As far as india is concerned crypto has come to stay in that country. Yes the forces against crypto are still fighting back the ruling as the reserve bank is preparing to file a review of the supreme court ruling (https://www.theblockcrypto.com/post/57987/indias-central-bank-plans-to-file-a-review-petition-on-supreme-courts-crypto-ruling-report). One thing is sure, Crypto always win.

[axeholm]

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?

IMO India is one promising place for Crypto,aside from being one of the largest country and population also Indians wealth
 is enough to stay and support cryptocurrency specially not for today but for their future.this is a Big market for Bitcoin specifically
having their Big movie industtry Bolliwood and Gold capital also?maybe in time people will consider Holding Bitcoin than Gold for much safer investment and for longer term profiting.

True, the higher levels in India got a lot of wealth, enough to support their investments on cryptocurrencies.

[Seth2009]

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...

[FaithInCrypto]

I am seeing most indian base project are also making some noise right now.

I think this is expected. India un-banning the use of cryptocurrency will definitely have a positive impact on crypto people and would surely develop more projects for the crypto community. I just wish it isn't a copy cat of what we had in the past years. I'm really tired of looking for projects who only turn to a shit coin after some time.