Quote from: Kemarit on November 03, 2017, 09:57:16 AM

Quote from: airdrop_china on November 03, 2017, 09:01:17 AM

A source close to the Indian regulators disclosed that India may have a complete ban on encrypted currency transactions and implement similar regulatory measures with China.

If this is true then its gonna be sad for our Indian bitcoin community here because they have been in bitcoin or crypto for so long now that a total ban will really took away some of our friends source of income. However, I can't find any source for your information so its better you post your link here.

Quote from: Mrprobit on November 03, 2017, 09:15:58 AM

That may be completely a fud.
But whatever it is even that happens price will drop only and you will have good price to buy more.
And at the end of the day there are so many OTC options we have ,we donot have to worry about any governments ban.

If better be another FUD. Yes, I think that OTC will be another options if Indian government really put a hammer ban on bitcoin. When China put a tight grip of bitcoins, the Chinese goes to OTC and I think it was reported that millions has flown in the last 2 weeks alone.

Yesterday, Economic Times had reported that a government panel is said to have advised closing cryptocurrency dealers in India and multiple media outlets are just reporting it citing ET as source when the source itself didn't provide any concrete evidence, just a rumor.

Yeah, if the Indian government shuts down exchange then like China, traders would move to OTC platforms or foreign exchanges. Maybe Indian exchanges would move their operations to some other country.

https://economictimes.indiatimes.com/markets/stocks/news/war-on-bitcoin-govt-panel-seeks-crackdown-on-crypto-currency-dealers-in-india/articleshow/61450361.cms