Ninjastic
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Board Economics
Re: Bitcoin in India? Not for a LOOOOONG time.
by
2double0
on 27/12/2016, 20:20:38 UTC
Quote from: The_prodigy on December 27, 2016, 04:47:25 PM
Quote from: upsidedown75 on December 26, 2016, 09:14:06 PM
Quote from: BitSat on December 16, 2016, 10:33:30 AM
India need too much time to adopt bitcoin like China and Indonesia because here most of things control by strict government policies so they are not allowing peoples to involve in this right now  but some peoples trying to spread this which is very good signal
Yes it will take time but now I think it will grow at much faster pace because even government is promoting digital payment system.

People's trust on online transactions is increasing day by day in India hence more and more people are attracted towards Bitcoins. Soon India will also on the same track as china and Indonesia in terms of usage of Bitcoin.

They already adopt bitcoin in india to be honest they buying bitcoin plus 15% of additional to its original price if they goverment start imposing bitcoin then those people will not use bitcoin anymore. Bitcoin is easily to create transaction and can be send money worldwide with less fees not like another branch

No government would let anyone eat the whole cake while knowing that you are "stealing" tax from them through such ways out of which, bitcoin is one. But, even if government start imposing taxes on bitcoins, people could still use bitcoins there as the beauty of this thing will let them decide the price they want to sell it for, and not the government who will keep an eye just on their transactions' taxable amounts.