Quote from: Kemarit on June 06, 2019, 06:24:30 AM

Quote from: mersal on June 06, 2019, 03:27:10 AM

Quote from: GJ.COM on June 05, 2019, 10:13:13 AM

even the government officially forbid bitcoin, ppl will find their way to buy it.

But it is against the rules of your government so you are ready to face the consequences of legal issues if there is any?

People won't stop using it but the demand will greatly reduce if government ban it.

So it will be a continues battle for Bitcoin enthusiast in India if government will just decided to ban crypto. Of course there will be consequences if you are caught, but I don't think it will stop India from riding on Bitcoin because they know that it's a alternatives for those who are un-bank, average Indians.

The future though doesn't look bright at this point, buy I guess everyone is willing to take the risk and still invest/trade in this country as Bitcoin is a technology that can make or break everyone, specially those from developing countries like India.

In a population of over a billion people, how does government intend to follow up on their ban, when they are not planning to take the internet down, and at this stage, we are still yet to have local merchants that are accepting Bitcoin as payment for them to be in the know.

Secondly, people are still using the system for investment and since it is an anonymous system they are operating, no one will really know if they are transferring fund for investment or not. I only see local exchanges having challenge, which means they have to be really secretive about their business and this is where Indians will have issue if they chose to follow the rule too.