Indian users raise your voice against btc ban

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that's right, it not a ban. Media is creating all the FUD and havoc in India.
 
But maybe its going to ban in 3 month as zebpay also send me notification about this so we should try to stop it
 
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I think within 3 months to stopped trade, buy, & sell. Already HDFC bank, Yes bank announced to block crypto purchased. Zebpay also sent mail to all customers.

And also read some articles like all Major crypto companies to launch head quarters on abroad to continue service with Indian customers. But I don't exactly is it true or not.
 
SmartVentures said:
I think within 3 months to stopped trade, buy, & sell. Already HDFC bank, Yes bank announced to block crypto purchased. Zebpay also sent mail to all customers.

And also read some articles like all Major crypto companies to launch head quarters on abroad to continue service with Indian customers. But I don't exactly is it true or not.
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Zebpay already has an office in Singapore.

BuildMoreLinks said:
the whole crypto train in India has already stopped, now the media would just blow the situation to an even bigger mess.
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They already have. A leading business channel was showing that money of people is stuck. They showed a girl who invested in an exchange and is not able to withdraw. This is completely false. I have withdrawn recently from different exchanges.
 
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A ban in India looks imminent, to me though. Look at the MCAP debacle going on at the moment.

When it comes to fiscal policy and regulation, India doesn't seem to fuck around. Remember demonitization?

I'm a foreign spectator, just my two cents worth...
 
Done. Thanks for this!

Gogol said:
What ban? Who bans a currency that isn't dependant on any govt? :p
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True!.... localbitcoins still going strong and normal...

Yeah but everyone around me are pro-modi. You can't utter a word lol :)
 
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What ban? Who bans a currency that isn't dependant on any govt? :p

kashyap123 said:
True!.... localbitcoins still going strong and normal...
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Exactly! Who cares what Modi is saying?! He has been talking a lot of bullshit anyway... Lol

kashyap123 said:
Yeah but everyone around me are pro-modi. You can't utter a word lol :)
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I used to be one too... The difference between modi supporters n Indians IMers is that the Indian IMers understand logic (like any other IMers lol) and they will eventually understand the evilness some bullshit chaiwala is doing....

Sorry..
 
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Good luck, Indias situation is hurting crypto for the rest of us too.
 
Gogol said:
I used to be one too... The difference between modi supporters n Indians IMers is that the Indian IMers understand logic (like any other IMers lol) and they will eventually understand the evilness some bullshit chaiwala is doing....

Sorry..
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Yes i agree mate.... IMers are suffering indeed.... Atleast we had the freedom to criticise old govt unlike now.
 
India is a major economic country. Banning Bitcoin and cryptocurrency will have major consequences. They need to review their decision and filter out the bad aspects. The people should also voice their opinions and stand up to the ban.
 
Does anybody know, how is the situation over there? Is that still banned or any possibilities is for buying?
 
I think its just for 3 month. It's really affecting btc in general
 
Indian Central Bank, the Reserve Bank of India’s (RBI) crypto circular,dater april 6 which had given the payment companies and banks, a 3-month window to end their dealings with all the cryptocurrency entities will come to an end on July 5.

As a result, it will be almost impossible for a cryptocurrency exchange, wallet to provide Rupee-to-cryptocurrency transfers and vice versa. And, the Indian crypto community is still not very excited with the crypto-to-crypto tradings.
As the Supreme Court of India has already refused to issue a stay order against the RBI circular, and the next hearing will be on July 20, this simply implies, the Indian cryptocurrency exchanges have hardly any choice left but to shut down their rupee-to-crypto transactions and wait for the Supreme Court’s rulings as well as the Subhash Chandra Garg-led committee report on the regulations on cryptocurrencies in India.
 
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