Quote from: squatter on June 09, 2019, 07:41:08 AM

Quote from: Leh-Meh on June 09, 2019, 07:29:30 AM

Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

Bitcoin was never banned in China. Domestic ICOs and exchange businesses were. There is still a robust OTC market there. Weekly Localbitcoins volume alone is in the 30 million CNY range. Not to mention the mining industry. Some Indian legislators have proposed a bill. Nothing has happened yet.

The ban on India is an advanced news painting a gloomy picture of what will be...but might never be. Yes, that is true even in China right now there are still people who are into bitcoin as it is impossible for the government to be following each and everyone all the time and this is the advantage of being digital evidence can be hard to find. We have to remember that if one has the money there is nothing impossible. Well, the same thing can happen in India if there can be a future ban...it is the government that will lose since it can never impose tax on transactions.