Hey Guyz,
So finally indian Govt. announced bitcoin as illegal currency. And they will take action against individuals who will invest in it.
So what should Indians do at this time?
Should they sell their cypto before its too late, or wait if future hold something good for them.
Or if they donot sell then will it be safe to do transaction or use exchanges in india?
Or is there any alternate way to sell crypto without attracting Govt attention?
This is total crap.
Indian government has just released the official budget plan for the year 2018 which specified one point about the crypto currency. It just mentioned that their prime minister might think upon the crypto currency to be discontinued from the India but they also mentioned through their Finance Minister that they will take interest in the Blockchain Technology and will see if there is anything that can be done for the nation through that technology. This is all because Indian prime minister is having goals to make India digital.
Thats not negative news at all. God lord, I am tired telling everyone that the news is actually positive than negative. Have fun with it.
Statement was different do read it, acc. to FC its not legal to use cryptocurrency in india anymore and govt will do all they can to stop it. And they will also use block chain in new products for banks etc.
So they are stopiing crypto-currency not the tech.
You see the diff?
As far i know there is no official ban on bitcoin, so kindly stoping spreading fud.AP state government was first state to take initiative in blockchain technology.followed by axis bank to increase and improve their security.recently there was a news of bank banning the exchange accounts,major exchanges are still working and recent news is that arun jaitely warn people that govt will not be responsible for any loss in crypto and investors have to pay capital gain tax.nothing about crypto ban.
This is obviously bad news.
There has been too much bad news lately about the cryptocurrency market, which has led to a decline in the price of bitcoin.
The countries that have banned bitcoin in Asia are corrupt countries because they fear that people will move their assets abroad.
To fear that country needs to be corrupted?
India is not ready for this change right now acc to me thats why they took this step maybe in future it can change
A shame if you live in India and are affected by this. But I think countries supporting crypto right now will have great futures, I believe they will be extra wealthy and the "dumb" countries who take stances like this can only watch how the crypto countries will become richer while realizing how they have missed the boat.
Dumb country like china?and do post in this thread if you do not know anything about bitcoin regulations in india .