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[aryan4]

According to the report made by Reuters and reported to be based on a government official, India will take drastic measures regarding the coins. According to the news, a legal regulation will be made that prohibits coin trading and mining.
What do you think about this subject?

 

[Josemendez]

According to the report made by Reuters and reported to be based on a government official, India will take drastic measures regarding the coins. According to the news, a legal regulation will be made that prohibits coin trading and mining.
What do you think about this subject?

In another news I read , India financial Minister has said that India government has not really given marching orders to the above claims .she explained that deliberations are on the way

 

[Niftyicon]

I wonder when we would know the true situation of things in India as regards Cryptocurrencies because it seems we keep getting different news from there by the week.

 

[Wisdom01]

I thought they were actually in support of mining to generate more revenue, their unfavourable policies could actually make some people unemployed

 

[Josemendez]

I thought they were actually in support of mining to generate more revenue, their unfavourable policies could actually make some people unemployed

I think the problem is that many rumours in India has made people confused on the fate of cryptocurrency dealings in the country. We barely can say with certainty India's stand on Crypto

 

[Wisdom01]

I think the problem is that many rumours in India has made people confused on the fate of cryptocurrency dealings in the country. We barely can say with certainty India's stand on Crypto

Yeah and they actually need the crypto currency due to high rate of inflation in the country economy and the depreciating rate of their currency i think

 

[Josemendez]

Yeah and they actually need the crypto currency due to high rate of inflation in the country economy and the depreciating rate of their currency i think

Yeah.the government only need to come together and seek for a way to adopt cryptocurrency ,so that it won't affect the country's economy negatively. Regulations seems to be the best option

 

[Wisdom01]

Yeah.the government only need to come together and seek for a way to adopt cryptocurrency ,so that it won't affect the country's economy negatively. Regulations seems to be the best option

Yeah regulation seems to be the best method considering the advantage it have on the country economy , it helps to reduce inflation rate in the economy i think

 

[Guri1232]

I'm from india in india All Crypto And Other Coins All Baned Govt Take Legal Action on compienies

 

[Vladv26]

This subject about India banning cryptocurrencies started a long time ago. So far I'm not sure exactly what has been decided but I think they won't be able to fully ban crypto and bitcoin. India is such a large country and it probably has a lot of population using bitcoin and cryptocurrencies

 

[Guri1232]

This subject about India banning cryptocurrencies started a long time ago. So far I'm not sure exactly what has been decided but I think they won't be able to fully ban crypto and bitcoin. India is such a large country and it probably has a lot of population using bitcoin and cryptocurrencies

not brother govt completey taking action on all coin based compienies

 

[Vladv26]

not brother govt completey taking action on all coin based compienies

Yeah, i know they can ban all companies that are related to cryptocurrency. Like exchanges for example. But can they really stop everyone from just using bitcoin online? After all, Bitcoin is anonymous and it would be impossible for them to stop every single person in India since you can't ban the whole blockchain

 

[achawaskey]

I think they are trying to introduce there own coin which will be made available to its citizens to those crypto users, and also to make revenue from crypto.

 

[aryan4]

As far as I follow, often mixed news comes from this country. I am not sure if they will go through a general ban, but I hope they will pass laws that will not upset investors on this issue, without delay.

 

[Niftyicon]

I am finding it difficult to understand the stance India has taken or will be taking regarding cryptocurrencies. They should just let people be and put regulations in place to curb excesses such as laundering and other fraudulent acts.

 

[Niftyicon]

Have Indian government provided or covered the cost of daily expenses of its subjects?? If they can offer every youth or citizen of the country involve in crypto investment jobs that will bring adequate income, they should go on to restrict Cryptocurrencies entirely. But if otherwise, they shouldn't put a stop to Cryptocurrency in the country, cos it will increase the rate of poverty in the country.

Poverty is one major reason why most developing countries flock towards crypto. I doubt if India or any country in support of ban take the poor into consideration before such decisions were made.

 

[Binita100]

I wish these measures doesn't take place a lot of us here uses crypto currency as source of employment as we involves ourself in mining and trading