Post
Topic
Board Altcoin Discussion
Re: Bicoin annonced as illegal in india
by
JetSet11
on 01/02/2018, 10:05:19 UTC
I think the actual statement differs greatly from the what is being reported here. They will not consider bitcoin legal tender and want to crack down on illegal activities with bitcoin. I dont think that is any different to any other country currently.

Even if they do 'BAN' people from holding crypto, it is inherently difficult to prove since you can hold/sign up with just an email address (no need for ID unless you transfer to FIAT).

In my view, it is knee jerk reactions like this, that will ensure that crypto will survive and also succeed.


You're right. Great insight. There haven't been talks of an explicit ban on cryptocurrencies, and I do suppose that the language resembles that of countries that currently legalize it, such as The US.