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India should legalise cryptocurrencies?

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Its the dire need of the dearth that developing countries should support and encourage blockchain developers for the betterment of this technology and their peoples for future purposes. Because blockchain is providing a way of earning for many many peoples and as a result unemployment and poverty index is decreasing.  

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Not only India but other countries should also legalise and encourage cryptocurrency. One day they have to do it so why not do it early. 

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its very well topic.I think cryptocurrencies because blockchain is the future of the world and India and all other countries where cryptocurrencies and blockchain is illegal they should make some rules and regulation to make it legal so that it should become easier for all over the world to trade with each other.thank you so much for give us this topic

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Cryptocurrencies are not officially permitted tender in India, and even as exchanges are legal, the direction has finished it precise problematical for them to operate,even though near is now a need of clarity over the challenge level of cryptocurrencies
 

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Yes basically I agree with you.  India is, in fact, a very populous country.  Lots of people are unemployed.  If India should legalize cryptocurrency, the unemployed worked on crypto and made money.

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They should give some consideration about it because they are one of those countries that can make it look good. they have some intelligent people who can develop it further in the name of their country. 

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On 11/9/2019 at 11:25 AM, Migo said:

It is good for people of India, if they are going to support blockchain than as I know India is going to be the first country in this field 

Most if the Asian countries have legalized Cryptocurrency and they have benefits from it , so I hope India to legalized it 

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May be in coming india is legalise the crypto currency but at present they bar it but hence countless peoples will wear and tear it in india and they also make trades with this and additionally they quarry the crypto coins. Crypto is the most excellent currency and one day completely the planet will set a limit it.
 

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4 hours ago, DarkSun said:

They should give some consideration about it because they are one of those countries that can make it look good. they have some intelligent people who can develop it further in the name of their country. 

for sure they will have to accept cryptocurrency if they don't want to be left behind then they will have to accept and use it.

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It will take some time for cryptocurrency regulations as the case is being heard in the Supreme Court and it will make the final decision on banning crypto or legalizing crypto.

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India has to legalize BTC, because there will be rapid growth in economic development. More improvement is expected in the creation area. Thus BTC is a modern technology if it uses BTC, then it will easily solve an economic problem.

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It will really be nice for in dia to do this. To legalize decentralized cryptocurrencies. It will help there citizens to gain from it and develope their country

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If you live under the restrictions that prevent the use of BTC, then you are in the right place to use it India has a huge population and if cryptos adopt it, it will not be very popular.

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I believe I read something somewhere that India has now approved the use of crypto and is even launching their own stable coin which will be pegged against their local currency so likely some big things coming from India soon.

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☺️If India declares crypto legal then it is news of gain for India because if they use it they can further their economy.

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india can be a strong addition to the supporters of the cryptocurrency help crew and will play a primary function in raising the fee of bitcoin

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India has a huge population and if they accept it, crypto will become more popular. This is really great news that Modi is thinking about Sir Blockchain.

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On 11/9/2019 at 8:11 PM, khan22 said:

May be in future india is legalise the crypto currency but now they ban it but so many peoples will use it in india and they also make trades with this and also they mine the crypto coins. Crypto is the best currency and one day all the world will allow it.

Yeah mate i think day by day more countries will legalise crypto currency.because, crypto-currency is now most promising platform.     

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Yes, they should do that because if they will not do that and they will just ignore crypto then in the future then they will get behind in the trend of the market.


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And their people for future purposes.Because blockchain is providing a way for many to earn income and as a result unemployment and poverty index are falling, it is better for the people of India if they know that blockchain is supported than I know that India is going to be the first country in this field.

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that is excellent information and if blockchain and cryptocurrencies are supported by means of india, this will truely upload tremendous strength to cryptocurrencies.

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If it is right then it is a good initiative of Indian government.in my opinion all countries should be legalized crypto because it is very effective to improve the economy of the country.It is very useful to reduce unemployment from the country.due to this forum the financial problems of the people will be solve.this forum is the game changer for the economy of the country.

 

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Maybe in the future, India is legally legitimate to digital foreigners, as long as they break it but will use huge numbers of human beings in India as well as exchange coins with them. Crypto has high quality money and will allow it around the world one day.

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which is somehow good and bad. It's good for continuous adoption, but bad since Bitcoin's market would be reduced.

prime minister Modi , tweeted that they will start using blockchain technology & explore the use of blockchain. But about regulations of cryptocurreny will take some time as the case is being heared in supreme court & it will give the final decision on crypto ban or crypto legalization.

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Maybe they should because users in india are so many like in china and also india have so many population like in billions, so it helps if their government will legalize crypto and help their people by this movement. crypto is what they need to control people and make life more easier.

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