India ban bitcoin reddit

29 Jan 2021 Wall Street short-sellers suffered losses as high as $19 billion.

The halt was later overturned by the Supreme court. The apex court described the ban as “unconstitutional.” Bitcoin India Ban Hi Guys and Girls, I’ve only recently started in the crypto scene, I’ve been researching different views on crypto both sides of the argument and really think this will become widely adopted as wealth security for many high net worth individuals and corporations. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A community focused towards discussion of Bitcoin in India. Bitcoin is a global decentralized digital currency which can be used like the Indian Rupees for paying towards Goods and Services and can be used as a medium of exchange with no central party like banks serving as the middleman for the payment transactions.

28.01.2021 India ban bitcoin reddit

India Will Ban Bitcoin, Says Senior Finance Ministry Official: Report According to a report, India's draft bill that will ban Bitcoin and other cryptocurrencies in the region is set to be passed. India’s crypto ban: How alarmed should India’s Bitcoin traders be? The Indian cryptocurrency scene is currently waiting on an imminent Crypto Bill, which may define the future of digital assets in the country. Speaking to CNBC today, the investor nicknamed “Indian Warren Buffet” said regulatory agencies should take action and ban Bitcoin: “The only power that needs to issue money should be the state (s). India should focus on digital rupee studies. I will never buy Bitcoin. AA Mumbai: A ban on cryptocurrencies like Bitcoin may result in wealth erosion for about 1 crore Indian investors, including 10 lakh traders, who are estimated to own assets collectively worth over Rs 10,000 crore.

India plans to prohibit Bitcoin and all other private Cryptocurrencies in the country except for the official digital currency issued by the Reserve Bank of India (RBI). Instead, the Indian government intends to introduce a “facilitative framework” for creating the country’s official digital currency at the current budget session of

Speaking to CNBC today, the investor nicknamed “Indian Warren Buffet” said regulatory agencies should take action and ban Bitcoin: “The only power that needs to issue money should be the state (s). India should focus on digital rupee studies. I will never buy Bitcoin. AA Mumbai: A ban on cryptocurrencies like Bitcoin may result in wealth erosion for about 1 crore Indian investors, including 10 lakh traders, who are estimated to own assets collectively worth over Rs 10,000 crore.

25 Jul 2019 Hence the conclusion that “all private cryptocurrencies, except any cryptocurrency issued by the State, be banned in India.” No final decision

In April 2018, the Indian central bank effectively banned banks from working with crypto companies.

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Thank you soo much for your suggestions They could probably stop businesses from accepting bitcoin in exchange for goods/services. Beyond that I don't think there's much they could do. They could say that servers in-country aren't allowed to do bitcoin stuff, but a) good luck enforcing that, and b) I don't think that would have much of an impact, even if perfectly enforced. Someone has linked to this thread from another place on reddit: [r/u_aaya_aya] Bitcoin news India [r/u_bhagathp] A Good News!!

India's Parliament is expected to consider a bill to ban "private" cryptocurrencies, with some as yet unspecified exceptions, which would allow the government to create a state-sanctioned digital Feb 23, 2021 · India's regulators have yet to make a decision on bitcoin and other cryptocurrencies, but there's widespread speculation that the government is planning to ban all private virtual currencies and Indian investors want Bitcoin, but the government does not. Statement of the Indian Government. An official of the finance ministry of India said that they are going to ban Bitcoin by passing a new law in the Indian parliament. It will ban Indian investors from trading bitcoin even through foreign exchanges. India’s Proposed Crypto Ban Has Investors Nervous, May Feed Anti-Bitcoin Narrative The move is bound to make potential and current crypto investors outside the country uneasy as well.

0. Facebook. Twitter. ReddIt . The crypto world was left reeling following the proposed bill in India, which would ban the industry altogether in the nation, with the prospect of ten years in prison for citizens who took part in any related businesses. Whether the news was set to be a 23.05.2019 27.02.2021 India should launch a digital rupee — and back it with digital gold.

It also drafted a bill banning all crypto activity in the country, punishable with fine of up to Rs 25 crore or with an imprisonment term of one to ten years, or both. As reported by CNF, India has had a ban on Bitcoin trading since 2018. Imposed on the basis of a ban by the Reserve Bank of India (RBI), the ban was lifted in March this year. At that time, expectations were positive as the market opened up to receive 1.2 billion people in India. Since then, the market has changed. Learning how to buy bitcoin is easy, but it's perhaps the most important stage if you want to try your luck in cryptocurrency trading.

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A new bill to regulate cryptocurrencies in India could completely ban investment in digital currencies like bitcoin. Will India launch its own cryptocurrency

They could say that servers in-country aren't allowed to do bitcoin stuff, but a) good luck enforcing that, and b) I don't think that would have much of an impact, even if perfectly enforced. Someone has linked to this thread from another place on reddit: [r/u_aaya_aya] Bitcoin news India [r/u_bhagathp] A Good News!!