Crypto Future In India

[aqeelahmad 34]

Soon you might not be able to transact from Indian Crypto exchanges in INR. We may expect to see some currency like Tether for Indian citizens. The only problem is liquidation that could be fixed by using decentralized exchanges like BiSQ or by using a P2P exchange website like DEX. The price will affect the Indian crypto market. However, this won’t affect the global market as Indian crypto market is just a fraction. This shutdown may put everyone back in the 2014-15 mode were buying/selling was not possible or as easy on exchanges. The government of India has taken this step to curb down growing crypto scams. The government’s fear of money laundering is real but this is not the only country that has faced this problem. Many countries of the world like Australia, Japan, USA are adopting and creating a new ecosystem for the growth of crypto economy and technology, this step will put a big dent in the growing cryptocurrencies and also blockchain sector of the Indian market.

Koinex, one of the leading in India, has shut down its trading services with effect from 2 pm on June 27. “After months of uncertainty and disruption, we have regretfully decided to shut down all digital assets exchange services and operations today,” said Koinex co-founder Rahul Raj. The deadline for withdrawing all digital assets from the exchange was 9 pm on July 15. “Sooner than expected, it is goodbye from Koinex,” the exchange said in its email to its users. With existing companies shutting down the cryptocurrency decision in India will have a huge impact on Facebook’s plans to launch its own crypto token, Libra, An outright ban will make things difficult for Facebook in India.

[Tarek54 51]

Many of  Indians people are use cryptotalk. Because they know that it is very useful site for everybody. Although it is not fiat currency in any country but it can be fiat currency in the world in future. So I suggest you that can trade here.

[bentayebsalah 2280]

You can trade secretly and hide your identity until allowed to trade in India because the situation will not continue like this for long

[Sumayya 493]

17 hours ago, Bantay116 said:

Yes,  and I think someday bitcoin will be unbanned in India.  For now just keep contribute and government can't track you 

Since government can't track it means you can still use bitcoin using VPN to be on safer side

[littledi059 1010]

India seems to be one of the centers where crypto currencies develop reallly quickly for it os not a rich country. Anyway crypto can easily get prohibited in your country

[Ankit Nepal 719]

There are many indians using bitcoin for every transaction. They earn bitcoins and directly redeem it to paytm which is a easy process. They are engaged in many websites. We can see their tutorials in youtube. So india has a good scope in bitcojn mining.

[jerry9837 105]

i m from india i think in india crypto can make its future and its a useful platform for the whole world but right now crypto currency is ban in india so we cant use it here but there is a indian bitcoin wallet called unocoin which is still exchanging bitcoin into rupees 

Edited December 15, 2019 by jerry9837

[Imra khosa 70]

Hey friend don't lose hope because you are not alone in this crypto field whose government is not allowing to use it. There was many other countries who have put a ban on the cryptocurrency because they consider that this is a big threat for their incomes. If cryptocurrency is adopted in every country then our governments will have no option to collect taxes that is the main reason why they banned crypto

[fuer44 1083]

17 minutes ago, Ahmad Isah Suleiman said:

I go with your assertion. Crypto has many advantages to Indians looking at this from the angle of transforming financial status of citizens of any country who has adopted crypto currencies

Is that true? I haven't tried it yet and only see the p2p feature. if indeed the p2p supports all currency conversions around the world, i think the exchanger will be a huge success and india will be a concern in the crypto world.

[ShakilA 373]

I think Cryptocurrency future in India bright.Now bitcoin or cryptocurrency illegal in india.But i think Cryptocurrency will legalise in India very soon

[Soaib khan 1035]

ya i also from india utter Pradesh i also working in crypto currencies my suggestion to  you dont stop crypto if you in profit 

[crypto1 62]

India and other governments of most of the countries are not favoring crypto currencies. countries are looking to regulate these crypto currencies. I think that you can continue as long as it is profitable to you. 

[Naga 1250]

On 12/10/2019 at 3:04 AM, kingsurajsuman said:

Hello Everyone I am From India New Delhi, Noida Up. I am very Big crypto Lover last 8 Year, I have Good Experience in crypto But when the time passes then the INDIAN exchange is going shut down, here it is very difficult to work in India, in crypto Field Kindly sugget me what i do ?

Should I stop Crypto Or Not ?

 I begain With 0 INR and i got Good Profit as well as knowledge.

you should continue working in crypto because only crypto can give you massive gains that you cant find in any other place for investments, but you should always trade with big portfolio to make good money.

[Muhammad atif iqbal 569]

On 12/10/2019 at 5:04 AM, kingsurajsuman said:

Hello Everyone I am From India New Delhi, Noida Up. I am very Big crypto Lover last 8 Year, I have Good Experience in crypto But when the time passes then the INDIAN exchange is going shut down, here it is very difficult to work in India, in crypto Field Kindly sugget me what i do ?

Should I stop Crypto Or Not ?

 I begain With 0 INR and i got Good Profit as well as knowledge.

You should not quit crypto trading crypto trading is banned in many countries But people are doing crypto trading The best way is start trading in yobit exchange convert your bitcoin and other coins in usd and withdraw in perfect money And Other Digital Wallet I think perfect moneyis available in India  you will find many online exchangers in India you can sell or buy bitcoin and other crypto currencies 

[kingsurajsuman 24]

no i am very happy with crypto but very less profit in India due to Indian government few exchanges running well in India. still their is hope so India will do positive news for crypto lover asap

[Saif588 84]

Now crypto currency is illegal in india.but expect that it will legalized soon .if Indian government do this I think it will better for Indian jobless young citizen.

[hassanmnr 114]

Cryptocurrency investors in India are wondering whether it’s the end of the road for them.

An inter-ministerial panel, tasked with drafting regulations for the sector, has reportedly recommended a complete ban on the sale, purchase, and issuance of cryptocurrencies in India, likening it to a ponzi scheme.

The committee, formed in November 2017, is headed by Subhash Chandra Garg, secretary of India’s department of economic affairs.
 

[nasipadang 399]

You can use p2p services like local bitcoin and search according to the conditions you want. I think there are many ways to exchange bitcoin into your currency like using paypal. we know that China first banned bitcoin exchangers but their country still has the most number of miners.

[Satishmolankar 1703]

Crypto future in India is bright but only problem is that not or can do regulate it because of that it can be a problem that's why I am telling is the best but best thing can't get easily 

[Badhon420 126]

Don't eliminate, Bitcoin was first suspended for a great many lands yet individuals yet benefit from Bitcoin and additionally operate, if you can not come to be tracked keep on choosing

[Kuroashii 181]

I think if you have been in cryptoworld for that very long time, then you have already experienced a lot of things-postive and negative. If you're experiencing hardships today then expect greatness tomorrow.

[Dinesh09798 283]

There are so many crypto users in india. They use bitcoin for trade,pay and betting online. Crypto makes very easy our international payment. Every people can trade with crypto. So i think crypto has bright future in india.

[SuperCrypto 7193]

On 12/10/2019 at 2:04 AM, kingsurajsuman said:

Hello Everyone I am From India New Delhi, Noida Up. I am very Big crypto Lover last 8 Year, I have Good Experience in crypto But when the time passes then the INDIAN exchange is going shut down, here it is very difficult to work in India, in crypto Field Kindly sugget me what i do ?

Should I stop Crypto Or Not ?

 I begain With 0 INR and i got Good Profit as well as knowledge.

You should not stop coding or stop your dream of entering this exciting world. You can deal with the world of cryptocurrencies through a relative or a trusted medium outside your country that can help you in documenting some data. Or, you can use VBN to access blocked websites in your country.

[Satya31 865]

On 12/10/2019 at 5:34 AM, kingsurajsuman said:

Hello Everyone I am From India New Delhi, Noida Up. I am very Big crypto Lover last 8 Year, I have Good Experience in crypto But when the time passes then the INDIAN exchange is going shut down, here it is very difficult to work in India, in crypto Field Kindly sugget me what i do ?

Should I stop Crypto Or Not ?

 I begain With 0 INR and i got Good Profit as well as knowledge.

Hey dude. It is nice to see your rise in crypto. As the topic is india have a bright future in crypto. The crypto case is still pending. No decision made now. But the government officially giving course on blockchain. If they don't have any interest on crypto then why they should do that. 

[babaji 1228]

You cant do much, if and when the government is against the whole crypto world. A few days ago internet was snapped in many cities, in some parts of north east, internet was gone for 10 days or more.

I dont think, you have to leave crypto, I am sure the government will make sure, you do it.

Edited December 26, 2019 by babaji