- May 3, 2018
- 873
- 151
Hello guys,
Cryptocurrency is no more in India
what is your opinion in this regard.
Cryptocurrency is no more in India
what is your opinion in this regard.
Cryptocurrency illegal in India???????
- Thread starter shiv durga
- Start date
I am not from India but it sucks*. I think that citizens should have a say in this and not* "Bank of India". But this was kinda expected with bitcoin. Why would bank like to be put out of it's position and not have a say and/or not get a fee for transactions? Welcome to our boring dystopia
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CryptoKujira
Power Member
- Dec 27, 2018
- 501
- 186
None **** given, really. But I live in the US.
I do feel for people of India and have friends there. But it is possibly the most poverty stricken country in the world. Nasty living conditions and most can barely afford to get by. Super risky investment opportunities would probably just wreck the majority even more.
Every time gov tries to ban something though, it just makes people want it more.
I do feel for people of India and have friends there. But it is possibly the most poverty stricken country in the world. Nasty living conditions and most can barely afford to get by. Super risky investment opportunities would probably just wreck the majority even more.
Every time gov tries to ban something though, it just makes people want it more.
jasonforrest
Regular Member
- Jun 30, 2014
- 434
- 143
India is officially the new age Nazi Germany if they really pass a 10yr jail sentence to Bitcoiners.
Dung Nguyen
Power Member
- Aug 22, 2016
- 505
- 229
another copycat of Chinese operation. Please don't feel offense, but sure no privacy allowed there
Papaproxy
Power Member
- Mar 1, 2019
- 665
- 283
I think it would be hard to implement a ban on a thing that is hard to trace. Unless you're cashing bitcoins out via personal bank accounts.
On the off topic - I think the country has bigger issues existing like poverty than jailing people for using BTC. lol.
On the off topic - I think the country has bigger issues existing like poverty than jailing people for using BTC. lol.
Susanta Lohar
Regular Member
- Sep 24, 2016
- 475
- 178
I had been using localbitcoin..com to buy/sell bitcoin, I still hold some cryptocurrencies.
I really feel cursed for current governance. There are lots of shitty things going on in my country.
I really feel cursed for current governance. There are lots of shitty things going on in my country.
John4life2017
Banned - Multiple Rules Violations
- Jan 15, 2017
- 2,747
- 802
This is ludicrous!
- May 3, 2018
- 873
- 151
- May 3, 2018
- 873
- 151
RBI is issuing its own digital rupee as virtual currency.
Almighty Pull
Senior Member
- Jan 16, 2019
- 827
- 698
wow, that sucks but going by the link shared above, I believe this is just a draft proposal and to make this kinda thing into a full LAW should take 4-6mos at least.
Better cash out guys or you may face the music!
Better cash out guys or you may face the music!
D
Deleted member 657006
Guest
uk on the ban to a lot of internet stuff news has warned us .
dont no what yet but it comming to uk very soon ...
use a proxy can be in any country in the world
best to see the internet as a whole universe don't see it as a 1 country place, the internet is global for everyone.
it very hard for any country to try to control the .net near to impossible there always be ways around any restrictions
there millions doing business but live in restricted countries, it what you no knowledge is very powefull , education can scare anyone .
when mobiles where restricted they used satalight, when tv was restricted they used radio , when people have no communication they used cb radio , there always be a internet.
dont no what yet but it comming to uk very soon ...
use a proxy can be in any country in the world
best to see the internet as a whole universe don't see it as a 1 country place, the internet is global for everyone.
it very hard for any country to try to control the .net near to impossible there always be ways around any restrictions
there millions doing business but live in restricted countries, it what you no knowledge is very powefull , education can scare anyone .
when mobiles where restricted they used satalight, when tv was restricted they used radio , when people have no communication they used cb radio , there always be a internet.
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D
Deleted member 283687
Guest
Current govt is against modern things ,so wait for 5 years so that someone who really understands how cryptocurrency works will come into power(lets hope)
D
Deleted member 657006
Guest
i think countries are restricted to getting any cut tax from digital money scares them.
dont think older generation will understand digital money so kepping it restricted hidden helps countrys not exsplain it value, it saves money .
india has always been picked on , even thu bitcoin could regenerate a small village government dont care , india very curupt unfortunately , they see no way to help there self with digital money scares them.
a pack of rice/gold/money/dimonds can be hidden but a digital thift leaves footprints
dont think older generation will understand digital money so kepping it restricted hidden helps countrys not exsplain it value, it saves money .
india has always been picked on , even thu bitcoin could regenerate a small village government dont care , india very curupt unfortunately , they see no way to help there self with digital money scares them.
a pack of rice/gold/money/dimonds can be hidden but a digital thift leaves footprints
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shakher
Junior Member
- Jun 9, 2011
- 100
- 42
Yeah pal this is true..earlier it was quite in usage and trading and many entrepreneurs came up with various platforms for crypto trading but a lot of fraudulent practices happened and quite an amount of people lost money. Since then the government put a restriction on crypto purchases and trading even through credit cards. So yeah currently the situation regarding cryptos is bad but maybe they will come up with certain regulations as cryptos are the emerging fast as the next big thing in digital currencies. So lets wait and hope for the best here in India.
D
Deleted member 657006
Guest
this is why India call centres scammers ask for Amazon cards as credit so it can be cashed quick or known items to be paid for and money return
goverment no of these scams dont stop them becouse someone getting a handout.
we are talking about a country that be proven to be provoked via hand outs from bad activity .
goverment no of these scams dont stop them becouse someone getting a handout.
we are talking about a country that be proven to be provoked via hand outs from bad activity .
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Rowdy Devil
Supreme Member
- May 2, 2016
- 1,362
- 1,361
It's just a draft ..so cash out ur bitcoin if u want to or buy digital stuff.. just cashed out some of mine and and holding some to buy digital goods