Is there any future of Bitcoins in India ?
Bitcoin remains as usual in India.
If i am not mistaken and if i collect topics about bank of india which freeze accounts maybe 10-15 topics there.
If I look at the same topic again, so I assume the Indian government / officials, not 100%, are taking action on it.
More precisely I believe more in the answer given by; @jseverson.
Its such a shame that the government see crypto currencies as a threat, crypto currencies can be the future currency that help to make transactions easier, the government shouldn't be banning crypto but should regulated it, crypto got a huge potential to help people out from poverty
They're not banning Bitcoin though. Or rather, not yet, at the very least. It seems like Bitcoin's legality in India is stuck in limbo at the moment, but I read something about their tax agency reaching out to people who don't declare their crypto income. I see this as a positive, because if they pursue taxation, it could signify that they're leaning towards acceptance.
Either way, I don't think banks closing accounts have anything to do with crypto regulations. You here about banks all over the world pulling off the same move, even in countries like the US where crypto is fairly openly accepted. These closures are likely internal decisions. It's unfortunate, but the only thing you can do when a bank denies you service is to look for another bank.How do you think it makes sense, and the answer is answered by: @jseverson.
