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Showing 7 of 7 results by ankursnv
At least now bitcoin is not yet banned in India and if you want you can invest
Yes, it is not banned, I agree.
But it is not declared legal as well.
For an example, government has not officially allowed yet to make transaction in Bitcoins in any banking or investment process.
In tax benefits schemes; bitcoin investment won't be consider legal and won't get any rebate on that.
In India, the transaction in cryptocurrency is not yet approved by Indian Government but they are saying, we need to analysis it before approval.
Our Finance minster Arun Jaitley said in his budget speech that the government will do everything to discontinue the use of virtual currencies in India.
So, we are in dilemma to invest in this or not?
Our Finance minster Arun Jaitley said in his budget speech that the government will do everything to discontinue the use of virtual currencies in India.
So, we are in dilemma to invest in this or not?
As long as there is no declaration that they are going to ban bitcoin and cryptocurrency then there is no fear. In the Philippines before the central bank made a decision to accept bitcoin it was being used already and people are already starting to use it. I do believe that as long as the use of cryptocurrency adheres to the rules and regulations of their government then they will approve it.
There are lots of discussions are being made internally in our country, people sitting in news debates putting the pros and cons of the legalization of cryptocurrency; I mean lots of activities are being done internally but nothing has reflected yet on official level.
People are in doubt only because of that; they are waiting for the government's decision to take this new trend positively.
Hope for the best In India, the transaction in cryptocurrency is not yet approved by Indian Government but they are saying, we need to analysis it before approval.
Our Finance minster Arun Jaitley said in his budget speech that the government will do everything to discontinue the use of virtual currencies in India.
So, we are in dilemma to invest in this or not?
Our Finance minster Arun Jaitley said in his budget speech that the government will do everything to discontinue the use of virtual currencies in India.
So, we are in dilemma to invest in this or not?
does not India prohibit the development of crypto and bitcoin?
I think this has happened in the last few months. and whatever the Indian government will do about the ban. will not have a big effect, look at the more advanced Asian countries and have a good system. like japan. instead they are more friendly with bitcoin.
and compare with the countries in Asia that each developed, and fairly poor. tend to ban it. the biggest factor is the fragility of corrupt officials and systems
Yes, your point can be valid for some extent. The corrupt system might get affected from these cryptocurrency; that's why government is not in a mood to implement legally.
well i can not possibly tell you whether it is safe or not since i don't live in India and the news is never trusted but what i can see is that there are multiple exchanges in India for trading bitcoin, there is also more decentralized ways such as localbitcoins and for a very long time the trading volume of these places have been extremely high. that shows that Indian are already investing in bitcoin and they are doing it A LOT.
additionally you may want to ask this in Indian board here: https://bitcointalk.org/index.php?board=89.0
additionally you may want to ask this in Indian board here: https://bitcointalk.org/index.php?board=89.0
Thank you for suggesting Indian Board. I will ask there for sure.
I agree, Indians are investing in Bitcoins but as far as its legalization is concerned; Indian government still in doubt to accept it or not.
Right now, I am not aware that there is any policy if Indians can use bitcoin investment as tax saving activity.
It depends on what you want to use it for. If you want to build a business that accepts Bitcoin, you might run into trouble. If you work online and you receive Bitcoin/Crypto currency payments, then you could use those bitcoins to go on a nice holiday in a Bitcoin friendly country.
These governments will soon realize that it is not easy to stop Bitcoin use and they will miss out on a lot of Bitcoin income from tourism/ecommerce and taxes that are paid in other countries, where these bitcoins are used.
These governments will soon realize that it is not easy to stop Bitcoin use and they will miss out on a lot of Bitcoin income from tourism/ecommerce and taxes that are paid in other countries, where these bitcoins are used.
Use Bitcoin in other countries can be a good option but in general, it is not feasible for a common man specially from counties like India who spends a very less amount in holidays.
As of now, there arent many avenues to use Bitcoins in India. But ecommerce players such as Flipkart, Amazon and MakeMyTrip run voucher programmes for people using Bitcoin exchanges, but they do not accept payment in Bitcoins. Many a time, exchanges convert Bitcoin into normal currency
In India, the transaction in cryptocurrency is not yet approved by Indian Government but they are saying, we need to analysis it before approval.
Our Finance minster Arun Jaitley said in his budget speech that the government will do everything to discontinue the use of virtual currencies in India.
So, we are in dilemma to invest in this or not?
Our Finance minster Arun Jaitley said in his budget speech that the government will do everything to discontinue the use of virtual currencies in India.
So, we are in dilemma to invest in this or not?
Re: [ICO][Super_BOUNTY] OLXA -PRODUCTS, SERVICES & PROJECTS [TELEGRAM,FB,TW,YouTube]
Hello There,
I want to participate in this ICO.
Can anyone please guide me how to earn free OLXA tokens? and How do I promote on various social channels?
I have shared some of OLXA things on my Facebook wall. From where, I will get reward for those posts.
PLEASE HELP !!!!!!!!
I want to participate in this ICO.
Can anyone please guide me how to earn free OLXA tokens? and How do I promote on various social channels?
I have shared some of OLXA things on my Facebook wall. From where, I will get reward for those posts.
PLEASE HELP !!!!!!!!