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[Josemendez]

India is one of the countries that has not really appreciated cryptocurrency earlier. Reports according to cointelegraph show that Indian bank United Multistate Credit Co. Is on the plans to enter into a deal with a cryptocurrency company called Cashaa.

This deal will not only provide an online cryptocurrency to the Indians but also a walk in service at the 34 bank branches in the state .
This to me is a good news for Indians and for all cryptocurrency lovers .

 

[Brain]

Yeah it really a good news for crypto lovers of the country. Using and transacting with crypto now will be very easy and on a legal ground. Congrats to them.

 

[Niftyicon]

Excellent news for crypto users in India especially when it was considered that Cryptocurrencies might end up being banned. I hope the ban idea has been scrapped totally.

 

[Wisdom01]

This is really good because i thought india are planning on banning crypto currency so i was still frightened not knowing plans like this will come up

 

[Brain]

Excellent news for crypto users in India especially when it was considered that Cryptocurrencies might end up being banned. I hope the ban idea has been scrapped totally.

Definitely it one news that is really pleasant for the Indians. For your last paragraph I hope it does to, let countries allow crypto strive smoothly it will help the economy I believe

 

[Niftyicon]

Definitely it one news that is really pleasant for the Indians. For your last paragraph I hope it does to, let countries allow crypto strive smoothly it will help the economy I believe

I really wish that the various governments will dwell more on how Cryptocurrencies can be beneficial to their economies and the lives of the people than any other thing.

 

[Wisdom01]

Definitely it one news that is really pleasant for the Indians. For your last paragraph I hope it does to, let countries allow crypto strive smoothly it will help the economy I believe

Most countries wouldn't want to see the good side of crypto but they are always taking note of the bad side , i just hope its been legalised in all countries

 

[Josemendez]

Actually they are aware of the good side but they are scared that the citizens will be liberated from it ,and depend not on them for help .

Most countries wouldn't want to see the good side of crypto but they are always taking note of the bad side , i just hope its been legalised in all countries

 

[sagefave]

This is the first time I am seeing a cryptocurrency company called Cashaa but I guess the company is most likely a local Indian company. I wonder how fast they will adopt the cryptocurrency of this Cashaa company.

 

[Wisdom01]

Actually they are aware of the good side but they are scared that the citizens will be liberated from it ,and depend not on them for help .

Maybe they think they can't control it ,so they are not going to give it a try , but it would have been better if the make use of it because many developed countries no longer see it as a threat

 

[Josemendez]

Maybe they think they can't control it ,so they are not going to give it a try , but it would have been better if the make use of it because many developed countries no longer see it as a threat

It is because they understand nothing about cryptocurrency ,and this why they are behaving this way. Assuming they did , things would have changed.

 

[Wisdom01]

It is because they understand nothing about cryptocurrency ,and this why they are behaving this way. Assuming they did , things would have changed.

I think most understand it especially some banks , but they have decided to stop working with crypto currency, since they see it as a threat

 

[Josemendez]

I think most understand it especially some banks , but they have decided to stop working with crypto currency, since they see it as a threat

They only see it as a threat because they are not fully aware of what cryptocurrency entails . This is the case with the government of Nigeria . They have banned what they know nothing about

 

[Wisdom01]

They only see it as a threat because they are not fully aware of what cryptocurrency entails . This is the case with the government of Nigeria . They have banned what they know nothing about

Its the banks that stopped doing transaction with it and referring to , because if they don't know about crypto they won't even ban it at the first place,they know that many are no more saving in banks again

 

[anil02]

India is one of the countries that has not really appreciated cryptocurrency earlier. Reports according to cointelegraph show that Indian bank United Multistate Credit Co. Is on the plans to enter into a deal with a cryptocurrency company called Cashaa.

This deal will not only provide an online cryptocurrency to the Indians but also a walk in service at the 34 bank branches in the state .
This to me is a good news for Indians and for all cryptocurrency lovers .

I don't listen about and also don't know about this bank. Most of bank are following guidelines of Indian central bank RBI. I listen that India government will ban dealing in crypto

 

[crypworld]

Once cryptocurrency is regulated in India, this would be readily welcomed by all banks in the country.

Thereby, increasing the volume of their assets and profits in each bank.

 

[anil02]

If they'll regulate the activities around Cryptocurrency it will make sense to curtail dubious ways around it. Instead of banning crypto total and causing the innocent investors nightmares in the country.

It is fact that many peoples are doing trading in crypto in country. It is better government allowed it. If government will allowed it than government can also earn revenue and it also increase employment in country

 

[anil02]

That's what the underdeveloped countries don't know. If they look up to its merits, they will see its benefits more than its demerits.

Dealing is crypto is mere gambling and speculation. Most of peoples of underdevelopment countries have not enough money to deal in crypto. I think it is the only reason that they are not interested in it

 

[Binita100]

The update of our government currently regarding crypto currency is not encouraging , i want them to see the importance in the use of it in another way

 

[anil02]

But its not from their own pockets the individuals is using to invest nor trade crypto. That's not obvious reason for government to ban crypto. They view it as threat to their already devaluing fiat currency. All they should do, is regulate it and not banning it.

I think Indian government is taking crypto as commodity not a currency. So for it may be impose taxes on it like other commodities. Every investor of crypto is free to sell their investment when they wants