scottypummill
Junior Member
- Mar 26, 2021
- 150
- 49
Forget, this should not be confirmed, because this is nonsense of some kind
India Bitcoin ban won't work
- Thread starter bartosimpsonio
- Start date
MKSKS
Banned for failing to resolve dispute.
- Jul 11, 2013
- 6,098
- 4,465
Nothing is clear at the moment because of the last statement by the Finance Minister.
The govt. has been looking to criminalize it for last 2-3 years, but the bill has not yet been passed.
There was news last year that the bill draft is ready and then came covid.
However as per experts the latest statements of govt hint they might not completely ban crypto.
Experts say they may give a window of 6-8 months to cash out the funds and then implement something to regulate it.
One thing is sure whatever they do cashing out is going to become tough (I would rather call a headache).
The govt. has been looking to criminalize it for last 2-3 years, but the bill has not yet been passed.
There was news last year that the bill draft is ready and then came covid.
However as per experts the latest statements of govt hint they might not completely ban crypto.
Experts say they may give a window of 6-8 months to cash out the funds and then implement something to regulate it.
One thing is sure whatever they do cashing out is going to become tough (I would rather call a headache).
Bots-Scrapers
Elite Member
- Jan 2, 2014
- 4,041
- 1,078
splendiddog
Power Member
- Dec 23, 2020
- 577
- 314
Did you check new coin and exchange that opened recently around privacy? The $ghoul coin and poltergeist exchange
- Jun 15, 2019
- 8,890
- 4,428
There aint no ban.. these are just some predictions that come and go.
Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 - the bill that was supposed to regulate is already delayed.
The bill that was supposed to ban crypto already got rejected. easy.
Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 - the bill that was supposed to regulate is already delayed.
The bill that was supposed to ban crypto already got rejected. easy.
Jyeshtha
Elite Member
- Aug 30, 2012
- 2,923
- 1,253
They just keep looping it. It's just that some big wigs of the share market are paying media to confuse people IMO, since they can't manipulate the volatility of these assets and more and more people are trying to learn about crypto for ease of use and no complication documentation.
They did it earlier and even locked/froze several bank accounts of both users and exchanges and still, it all went on.
Either way, like @NirvanaWolf says, move all your assets to hardware wallets and never depend on any exchanges.
It's simple. Just move bit by bit to exchanges when you need to convert it to fiat. You may lose twice the transaction fee, but that shouldn't be an issue, rather than risking the whole assets you own.
aspire.samee
Senior Member
- Nov 5, 2020
- 925
- 970
Why are we Indians, So Much bothered.
90% u keep.
10% Under the Table.
Ow you have White income
It's soooooooo Simple
You must have trried this before, Isn't it
90% u keep.
10% Under the Table.
Ow you have White income
It's soooooooo Simple
You must have trried this before, Isn't it
Spencen
Regular Member
- Oct 11, 2020
- 265
- 247
How do you deposit money in Payeer? It says it doesn't accept cards from countries like USA India etc
Content Creator Zone
Regular Member
- Jun 22, 2014
- 303
- 63
The problem is they are not able to track the money invested on Crypto. Also, people have started withdrawing their funds from Share market and have started investing in Crypto which effected the Economy of the Country and that is the main reason to Ban crypto in India.
- Mar 21, 2013
- 24,780
- 31,560
Not really. I was just asking.
- Aug 27, 2013
- 1,273
- 722
Why do you want to pay through your card? I was talking about anonymous crypto wallet and exchange network.
TheVigilante
Banned - Multiple Rules Violations
- Aug 31, 2010
- 14,993
- 16,105
I heard people who hold crypto started getting income tax notices saying them to pay taxes wow
- Apr 30, 2018
- 1,923
- 1,512
Their government their rules. They have banned it once in 2019. Nobody will be able to stop them now if they do it again.
- Mar 21, 2013
- 24,780
- 31,560
Curious to see that they'll be able to ban crypto. So far no government has been able to.
Latest reports mentioned in some comments show that crypto trade increased in countries which heavily regulated it.
mYm
Regular Member
- Mar 16, 2017
- 225
- 63
Mate you are correct