Quote from: akram143 on September 16, 2020, 05:49:53 AM

Quote from: reliable on September 16, 2020, 04:32:04 AM

Quote from: SoulMortal on September 12, 2020, 06:44:02 PM

I dont think Indian government will regulate bitcoins anytime soon. They set up a committee recently and they suggested that all the all the crypto currencies should be banned in india. Government wants to ban bitcoin while supreme court doesn't.

Till now government has not being in supportive of crypto as such and in last couple of years we have not heard anything positive form government side. Only it was SC court that made it legal and allowed to open back but again government has the power and they may not want it to be legal. Just wondering why, they dont work on making it legal and regulate if they have that much problem.

People who are in power don't have any knowledge to understand these things, but banking sector know if we let the decentralized payment to grow then they will lose their jobs that is why they are trying to make it illegal for no reason even if it is going to benefitable for lot of India people.

This should not be the case as banks employees should not be fearing as still people will continue to operate with the banks and not all of them will come to crypto and considering the risk not many would be even ready to indulge in it. Only thing is that payment or transfers internationally may have a drastic effect rest may get reduce but still will continue to exists.