- Mar 21, 2013
- 24,786
- 31,563
What's with India banning things? They banned Paypal too didn't they? WTF?
India bans all cryptos [again?]
- Thread starter bartosimpsonio
- Start date
What's with India banning things? They banned Paypal too didn't they? WTF?
- Oct 25, 2018
- 2,247
- 9,579
There's a difference between 'recommended' and actually doing it.
And no PayPal is not banned.
And no PayPal is not banned.
Ashk881
Elite Member
- Aug 24, 2021
- 1,696
- 2,072
PayPal was never banned in India. PayPal pulled out of the domestic payment market because of too much competition.
The Central Bank (Reserve Bank of India, RBI) wants to ban all cryptocurrencies. They already tax any capital gains earned from selling crypto tho. (and it can't be banned. How tf do you ban digital data?)
ADA Lovelace
Regular Member
- Jan 24, 2021
- 466
- 381
Why would you ban something that is heavily taxed and makes you a lot of money? It doesn't sound logical.
Maybe a new tactic to raise taxes
Maybe a new tactic to raise taxes
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
As usual, once again FAKE news by someone who is incapable of comprehending things correctly.
Central bank has RECOMMENDED a ban, DOES NOT mean that Central bank has banned ...
Indian authorities restricting certain Paypal functionalities, such as holding funds in a Paypal account, DOES NOT mean any ban on Paypal (in India). (NOTE : An edit was made after initial reply, thanks to info given by @NirvanaWolf ).
Even right now, Paypal has millions of active users in India.
Certain people are incapable of comprehending things correctly and then spread FAKE news, based on their incorrect comprehension.
Central bank has RECOMMENDED a ban, DOES NOT mean that Central bank has banned ...
Again, as usual FAKE news .... Paypal was NEVER banned in India and Paypal IS NOT banned in India.
Indian authorities restricting certain Paypal functionalities, such as holding funds in a Paypal account, DOES NOT mean any ban on Paypal (in India). (NOTE : An edit was made after initial reply, thanks to info given by @NirvanaWolf ).
Even right now, Paypal has millions of active users in India.
Certain people are incapable of comprehending things correctly and then spread FAKE news, based on their incorrect comprehension.
Last edited:
- Oct 25, 2018
- 2,247
- 9,579
No one restricted domestic payments for them. They pulled out themselves as they were unable to compete with homegrown technology UPI.
In PayPal's early days they faced hiccups in India as you need a banking licence in India to hold funds and they didn't want to get one. So they altered the service for India a bit. Instead of holding the funds they auto-withdraw the balance everyday to your bank account.
MKSKS
Banned for failing to resolve dispute.
- Jul 11, 2013
- 6,098
- 4,464
Lolzzzz I thought how come I didn't know this it already afternoon.
Then I saw the magical word Recommend.
Even if that's about to happen then going from Recommendation to Reality will take some X years.
That's how the system works.
Don't worry there are many institutions here that keep recommending things.
After all it doesn't cost you anything to recommend.
Papel was never banned they themselves just wrapped up their Indian outing as it didn't work as expected.
Then I saw the magical word Recommend.
Even if that's about to happen then going from Recommendation to Reality will take some X years.
That's how the system works.
Don't worry there are many institutions here that keep recommending things.
After all it doesn't cost you anything to recommend.
Papel was never banned they themselves just wrapped up their Indian outing as it didn't work as expected.
- Mar 21, 2013
- 24,786
- 31,563
WAT
OK
LOL
Indeed!!!
Take a chill pill dude.
Hawkeye Digital
Rules Violation
- Feb 23, 2022
- 6,316
- 1,699
Crypto is banned again , but don't worry few days only .
- Mar 22, 2013
- 9,153
- 10,491
They like banning crypto. They do it every few months.
MKSKS
Banned for failing to resolve dispute.
- Jul 11, 2013
- 6,098
- 4,464
Yup they don't like when BHW doesn't have crypto threads.
Just a recommendation by the central bank to the govt and the govt said it needs global support to regulate it.
So if the entire world can come on the same page is that what you think then yes It's happening.
- Nov 16, 2011
- 19,807
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I am out of work because of this.
v1b3
Newbie
- Jun 5, 2022
- 21
- 7
Exactly. That's what I was thinking.
- Mar 22, 2013
- 9,153
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Yeah, I was out of work when I "lost" paypal, almost, or so I thought. It just made me better because it forced me to expand and open up and look for solutions. You're a smart guy, can never be out of work. And if you do get out of work, you'll figure something out and get back on that horse, or at least that donkey
- Nov 16, 2011
- 19,807
- 11,284
I was just joking. I am ok with them banning crypto.Yeah, I was out of work when I "lost" paypal, almost, or so I thought. It just made me better because it forced me to expand and open up and look for solutions. You're a smart guy, can never be out of work. And if you do get out of work, you'll figure something out and get back on that horse, or at least that donkey
- Mar 22, 2013
- 9,153
- 10,491
- Nov 16, 2011
- 19,807
- 11,284
Everyone is joking here and at other groups where this news is shared but they can really ban crypto completely. It will affect lot of people working online in India.