Quote from: Zohina on August 03, 2018, 02:31:25 AM

Quote from: pawanjain on May 30, 2017, 04:29:52 AM

Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.

Here are the proof that they will declare it as legal

1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.

Here are the chances to declare it illegal , due to following conclusions

1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .

Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin at www.mygov.in resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .

If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in

note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .

actually the Indian government is well aware that the cryptocurrensy currency cannot be banned and regulated by any country, so the government may be studying the workings of the digital currency, and is preparing technology support for that in the future, the government will surely follow the steps of developed countries like Japan, America, and other developed countries are starting to use bitcoin currencies, and it is very likely that the government will also make their own cryptocurrency currency, we can see the next five to ten years.

Although, this is a longtime thread but I don't see the Indian government issuing their cryptocurrency in the future because the India government are traditional. However, no one know yet about there plan towards the cryptocurrency regulation until it September because it was stated in their message that they are after protecting their from cryptocurrency scam.