Re: What If Govt makes BTC legal in India?

Hello Guys!!

I'm just curious that what if govt. makes BTC legal in India does it have the same value what is now or lower or higher??
I hear they are going to make it legal soon with gambling.

thanks!

I have no idea that in India bitcoin is illegal?

In every news that there comes an adoption or it's a positive one for the sake of bitcoin then that's something that will increase the price of bitcoin.

And if they will legalize it with gambling then there will be too many Indian's that will gamble through bitcoin, simply gonna make the demand higher again.

Gambling and bitcoin are 2 different aspects and Gambling is banned from starting itself. Regarding bitcoin govt is still not much in favor since they have already told that in terms of legal tender it cannot be accepted. Now they would collect the tax on the income earned through the revenues of the bitcoin and once they receive it they may ban it or make the stringent laws if they do not want to promote such virtual currencies.

Yes that's 2 different thing, gambling is for gambling and bitcoin is for crypto's.

That's the only way to make bitcoin legal anywhere in this world. Government can take the advantage of those people who are earning through bitcoin and other cryptocurrencies as well.

And that is by taxing us.