Quote from: Juggy777 on January 24, 2020, 10:14:58 AM

Quote from: Blocktoq on January 23, 2020, 08:14:53 AM

After a stressful and fearful trial at the Indian Supreme Court, India officially admitted that Bitcoins and other cryptographic assets are not illegal..

Read the full article on https://blocktoq.com/crypto-news/cryptocurrencies-have-won-with-court-in-india-for-how-long/

This judgement is not helpful because it fails to direct banks to accept money arising from the sale or purchase of bitcoins. Secondly it doesnt even clarify how one will show bitcoins in their tax files, therefore people will not be keen to buy bitcoins without getting more clarity.

indeed basically everyone buys bitcoin just to be able to get profit, whereas bitcoin for their development will only use technology owned by bitcoin, whereas if bitcoin is used for payment methods it will be very difficult to happen because the price will definitely not be stable and there will be manipulation of prices will make the transaction a profit and loss with a very fast time, and in India I see cryptocurrency seems still difficult to use because the government also prohibits the use of cryptocurrency as a payment.