India should legalise cryptocurrencies?

[wassim19 645]

It is great news that the state of India regulates the work of cryptocurrencies, due to the great use of the population of this country for the digital ukla, and this is also wonderful news in favor of digital currencies because India is a large country and has a large number of people who use the field

[Izeal 4404]

All the countries are thinking about the cryptocurrency and many other online payments but the government is kind of afraid because as the India is developing countries and taxation plays the vital roles and the tax imposing will be lot easier in using the cryptocurrencies and even trading of illegal items will be easier.

[Mella 3680]

India it is make a mistake if they are not legalise the cryptocurrency. It is an opportunity that opened with the decision to remove the before ban and not again make the mistake that will bar many of developers from creating big cryptocurrency project that will have a huge appeal in all the world and make India a leader in crypto technology.

[Syedbesharat 5423]

On 11/9/2019 at 2:55 PM, Neerbhay24 said:

India should legalize & regulate cryptocurrency as recently there prime minister modi has said that they will encourage blockchain technology. Also Reserve bank of india will start its own cryptocurrencies. 

The supreme court order ban again at crypto currency and after this prime minister gives statement in right of blockchain then it must be taken  serious. As India have 70% of youth  they have to fully utilize their youth and move toward crypto and bring crypto into the country where they can get huge audience in local and run good crypto base echo system. 

[Ruhaa 1009]

If the countries would legalise cryptocurrencies then it's a really good step towards the development. Digital currencies are easy to use and mine. Buying and purchasing products throughout the world will be easier by using cryptocurrencies. India must legalise cryptocurrencies as soon as possible because most of the people in the country are already familiar with currency and although they don't legalise cryptocurrencies they have been using those illegally. 

[Husnyjaf 1784]

On 11/9/2019 at 10:55 AM, Neerbhay24 said:

India should legalize & regulate cryptocurrency as recently there prime minister modi has said that they will encourage blockchain technology. Also Reserve bank of india will start its own cryptocurrencies. 

Wow that's going to be great. A country that doesn't believe on cryptocurrency now legalizing cryptocurrency. The rate of dependant on individuals will increase and may also reduce the rate of poverty. That will be the  transformation of India. 

[Jonson Smith 343]

I agree with you.  I think this work needs to be legalized in India....

[scofield64 943]

That's a great news that Indian president is thinking about blockchain technology. If India legalized cryptocurrency it's will be a development to the crypto world, and more countries will also adopt cryptocurrency. 

[Goyaa 2414]

I think that's very good news, if India pushes blockchain technology, especially bitcoin cryptocurrency, a lot of people will be helped by cryptocurrency. A safe person has a new job in crypto and it will drive the Indian economy for the better. Bitcoin will help a country's economy materialize.

[RoyalHouse01 9]

It is not easy to do this it will have to bear the pressure of other countries who do not want to legalise the cryptocurrency in any country under their influence.

[khan22 3478]

In india i think crypto market is legal now becasue i read some news in which the india government legal the crypto market and now so many exchanges are working and peoples can buy and sell the coins through the bank easily.

[MalikAdnan 1662]

I think they should go to the legalize the cryptocurrency. But now this time crypto currency is illegal in the country. But they are now trying to make the legal this will help the India peoples.

It will raise the economy of country if they accept it. It is very good news. A great mass of people living in the country so highly crypto used in the country. It is very good news.

[Nicole018 4548]

This is would be such great news if it goes into implementation. Narendra Modi as a prime minister I think incorporates more modern developments in business as well as in the digital platform. The prime minister along with Mukesh Ambani can set great projects that could entirely change the monetary system in India if they rightly think so. The introduction of blockchain technology would definitely benefit Indians to a large extent.

[Tom Brandon 226]

I read a article where they wrote cryptocurrency is already legalized in India.Indian government accept bitcoin and cryptocurrency.Now Indian people use this openly without any problems.

[cryptovlek 2597]

India is closer to legalize the cryptocurrencies. It has a different approach from the time when they had banned Bitcoin and is moving to create a new law that will include everything and will allow the cryptocurrencies to be adopted and used in the country.

[Froshk 1828]

4 hours ago, cryptovlek said:

India is closer to legalize the cryptocurrencies. It has a different approach from the time when they had banned Bitcoin and is moving to create a new law that will include everything and will allow the cryptocurrencies to be adopted and used in the country.

It's been more than a decade now and still yet the India community cannot enjoy the opportunity that comes with cryptocurrencies due to the fact the support of government is not that encouraging, we hope the legalization becomes a reality soon. 

[abdullah553 1981]

On 11/9/2019 at 11:55 AM, Neerbhay24 said:

India should legalize & regulate cryptocurrency as recently there prime minister modi has said that they will encourage blockchain technology. Also Reserve bank of india will start its own cryptocurrencies. 

This is a good thing that most countries today are heading to invest in digital markets and benefit from them. The countries that started at the beginning of entering digital markets will have great profits.

[Zeshan Khalid 2577]

I think a country like India deserves cryptocurrency because they have developed themselves into the IT giants of the world and now only thing left in their IT progress is cryptocurrency.

[Onden 2098]

Yes, I think India should legalize cryptocurrency because crypto will really help a country. The economy will grow and unemployment will decrease, this will help the government in providing jobs. I think there are many advantages to legalizing bitcoin.

[kyoukage01 3181]

Wait, didn't the Indian government revoked their previous ban on cryptocurrencies?

https://www.indiatoday.in/business/story/supreme-court-quashes-rbi-ban-on-cryptocurrency-1652254-2020-03-04

 

And there are now lots of articles pointing out that crypto is quite booming over there now, spurred on by the economic pressure caused by the COVID pandemic.

 

So what's with these more recent comments suggesting that crypto should not be banned, when the government already lifted that ban?

 

Requesting moderators @ayatoslaw @epidemia @Desais to please close/ lock this topic. It is old, already irrelevant, and getting filled with spam posts.

 

Edited December 9, 2020 by kyoukage01

[gourav789 2834]

right mate @kyoukage01 crypto currency was already legalise in India by india government . but I heard that their will a fir already submit in court for banning crypto currency again in India . hopefully crypto is still acceptable in India for a longtime .

[Smallingcane012 344]

My great advice to India government is to legalise crypto for the benefit of masses or Indian should be able to have self reliance.

[Emma Wilson 1156]

I don't know about indian crypto situation. But i know most of the indian are farmer. For this reason, they don't know about crypto currency properly. If India legalise crypto currency, it will not a big change  for indian people. This type of country need long time for publishing highly crypto currency. But i always thanks to indian government for legalise blockchain.

[OVIROY21 499]

India has many smart people, but also many dumb ones. Legalizing bitcoin is one step to a glorious economy system because they surely are going to impose taxes which will be beneficial for them. Added to that, many unemployed people will find hope. However, the legality of bitcoin has not been put into action. They think that it will be a huge threat to their economy system and people will stop relying on banks. Go fix your banks' system first.

[Abuhassan 89]

Top world countries are looking towards the positive impact of blockchain technology it is not necessary that a country adopt blockchain will make them to adopt Bitcoin it is not always limited to crypto currency but to all sectors.