Quote from: UKprod on Today at 01:01:39 PM

Quote from: Robinson66 on Today at 02:53:22 AM

and India has also stated that it has banned cryptocurrency by legislation.

Quote from: Daniel91 on Today at 12:48:33 PM

Since I live in the EU I personally have no such worries but people living in countries like India where crypto is not legal (from what I have heard) have a big problem.

Pardon me, but both of these facts are outdated as of now. India has not banned cryptocurrencies as of now. There is a cryptocurrency bill lined up and India is taking inputs from various industry experts in order to regulate cryptocurrencies. I believe that the ill-informed and less literate media has been spreading the news that crypto is completely banned in India. A full crypto ban was never made in India. But yes, one committee has recommended that crypto be banned. But the government is yet to consider the same.

Further, in the past RBI (central bank) had issued notices to banks/forex brokers from maintaining accounts of people dealing with cryptocurrencies. However, the same was quashed by the Supreme Court and currently the RBI itself has quoted the Supreme Court order to state that there is no restriction on banks/forex brokers. This came after some banks were found to be denying services on the basis of the previous notification.

You can read the full history of proceedings over banning of cryptocurrency in India in my post

Okay, thanks for the correction. This is very good news for the crypto community in India and I'm happy about it.
In fact, I hope that the ban on crypto will not happen in any country in the world, because there really is no reason for that.