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India to ban all cryptocurrencies
- Thread starter awesomewebsites
- Start date
solidguy_82
Banned - Multiple Rules Violations
- Jul 14, 2016
- 2,899
- 1,126
Seems like it is really big hurdle to go up from here.
For sure govt is going to ban crypto in India as showing in some channels
For sure govt is going to ban crypto in India as showing in some channels
gmbmapverify
Banned - Abuse of Staff
- Apr 19, 2021
- 238
- 147
Dumping again
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
Only people who do not understand the crypto space are under panic.
Arre baba, mere Hindustani brothers & sisters, in that case, trade in decentralized exchanges (trading fees may be a bit higher) and keep all crypto in decentralized wallets. As simple as that. Absolutely nothing to panic about. Please understand the decentralized wonders also of the awesome crypto world.
Arre baba, mere Hindustani brothers & sisters, in that case, trade in decentralized exchanges (trading fees may be a bit higher) and keep all crypto in decentralized wallets. As simple as that. Absolutely nothing to panic about. Please understand the decentralized wonders also of the awesome crypto world.
- Nov 9, 2020
- 4,585
- 2,673
Lol but you can't withdraw from Local exchanges so how the fuck are you going to move it to Trust or Metamask, For Binance and alternates yes that's instantly possible.
Look at the rates, All are 20-25% down selling at this point is so ridiculous lol
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
Well, in my particular case, I've always remained safe. 90% of my crypto has been, is & will always be in Trust Wallet, because I've always understood the crypto space quite well.
Only 10% of my crypto is in centralized exchange (only in Binance), for trading.
And, if need be, I would trade in a decentralized exchange (if needed).
- Sep 7, 2017
- 7,204
- 6,446
What kind of ban?
Is it the China kind of ban where you'd be treated like a criminal or like the Nigerian(and a few other countries) kind of ban.
The Nigerian kind of ban as was done here was by the central bank, it bans banks from facilitating crypto transactions. A customer was found carrying out crypto transactions with their bank accounts or cards, their accounts would be forcefully closed and their deposits refunded to them.
Basically, it is not a crime to owm crypto or transact in crypto just don't do it with your bank details. It's only the banks that would be going against the CBN if they facilitate such transactions and it'll attract heavy fines.
I hope it isn't the China kind of ban, because I don't see a legitimate reason for that.
The Pink World
BANNED
- Sep 12, 2021
- 274
- 254
This is Expected and this will crach indeed the Market because the user of crypto is more in indian than any other Country
getseoonline
Banned - Multiple Rules Violations
- Jun 5, 2012
- 1,563
- 826
I am still optimistic dont lose your hope
- Jun 7, 2012
- 4,422
- 1,415
they will mostly ban the private cryptos only for now.
Alwayspoorcountry
Newbie
- Nov 24, 2021
- 4
- 0
No matter how hard you try to protect or object but the reality is India was a poor country, India is a poor country and India will always be a poor country. Look at the mindset of the government lmao.
I mean they build statue worth billions of dollars through tax payers money but they won't let ordinary people to earn some money.
Even American and EU didn't ban crypto.
I mean they build statue worth billions of dollars through tax payers money but they won't let ordinary people to earn some money.
Even American and EU didn't ban crypto.
nirajjoshi
Power Member
- Sep 20, 2015
- 582
- 986
It's so funny that some users think crypto is the only thing that decides how poor or rich the country can be or it's population.
Seriously, get a fucking life.
Seriously, get a fucking life.
- Nov 9, 2020
- 4,585
- 2,673
That's not the only way to decide but you are blocking something which can do a 10-100x in the coming years, People would be getting free money if invested on time so definately it matters
Look at the numbers of crypto investors in India, That speaks for itself.
MartinRaymond1999
Regular Member
- Dec 30, 2020
- 275
- 119
I thought they had always been banned in India, what am I missing?
nirajjoshi
Power Member
- Sep 20, 2015
- 582
- 986
That's not the only way to decide but you are blocking something which can do a 10-100x in the coming years, People would be getting free money if invested on time so definately it matters
Which can also do -10x or -100x in coming years. What is your point? Are you pretending that it will only go up? Free money lol.
Yes, banning something is not the way to go but please don't mislead people. Kids are investing their life savings into something that don't even have a usecase yet. Crypto is nothing but gambling at this moment.
- Nov 9, 2020
- 4,585
- 2,673
It's not going to go up always, We will have a nice correction along the way but long term it's definately going up, it's the future
Lol
With this mindset you should probably invest with Banks and their FD's with a 4-6% APY, Good luck!
- Nov 16, 2011
- 19,813
- 11,285
It is not the only thing but one of the most important things.
MgicalaEarner
Elite Member
- Jul 8, 2017
- 3,749
- 4,861
Agree with you, OP don't understand this is a business , GAME PLAN