Quote from: Afnan_faizah on May 08, 2019, 07:01:44 AM

Quote from: ajqjjj on May 08, 2019, 01:39:12 AM

Quote from: cryptoin25 on May 08, 2019, 01:22:20 AM

i heard about india and actually whats happend to cryptocoins not just india but in some other countrys too ithink that take about bitcoin a wrong idea and theres tunisia too their gouverment sayed how that use bitcoin make big toroble that how world move ifeel so sad about that

If we speak truly, some big millionaires are controling the India so they need Bitcoin automatically it will moon. Not only India many high population countries controlling some Big millionaires. In my point of view Bitcoin is reducing the demonitation issue so we use freely at anytime. It take some time to understand everyone so we must wait for future acceptance.

The welfare gap in some countries is big. Its too sad to say that a country is being controlled by some big millionaires. But I think bitcoin can actually benefit indian society, I think if ordinary indian people buy bitcoin then if bitcoin price rise then those people will get profit. So I think if indian government can be stronger and regulate and accept bitcoin as legal money then it will be good for India.

We should not be buying bitcoin just for it to rise in price and make profit out of it. Our main goal should be to use it for what it was created.

Quote from: Lucius on May 08, 2019, 11:09:29 AM

What was the exact cause that India does not want or can not regulated cryptocurrency for the benefit of its citizens, and therefore for their own benefit is a big question.

It isn't a big question because the media has already shown us why crypto is not legalized or regulated yet in the country.

Many months back the RBI issued a case against cryptocurrencies in the Supreme court of India. It said that cryptocurrencies encourage money laundering and since then the case is 'still' going on.
The court has been pushing the dates to make the final judgement. To be clear, India is against cryptocurrencies but not the blockchain technology as many companies have started using the blockchain technology already.
I guess India will only come to realize that it should regulate cryptocurrencies when all the other countries start to regulate cryptocurrencies.