Post
Topic
Board India
Re: India may ban Bitcoin
by
AK47-
on 24/08/2017, 13:18:05 UTC
Better if they will do some taxation but please don't ban bitcoin!!
Screaming here definitely won't work. We all want what you are saying and we completely support Bitcoins and Altcoins. But what I felt was that Government was wary of Bitcoin from starting since the RBI showed their apprehension towards Bitcoin and warned people about it. But we shouldn't jump to conclusion of Government banning Bitcoin just because some anonymous sources said so. There is discussion going on and as many developed countries have already legalized it, India might think in that direction too. There will definitely be regulations and taxation. But ban is less likely to happen as many countries(Russia) who had ban earlier have lifted it, this shows Bitcoin need not to be banned just on the basis of being used in illegal activities.