India ban bitcoin reddit

Feb 27, 2021 · The story of banning Bitcoin in India seems not to be any near to the end. At first, it was the country's Reserve Bank (RBI) calling for the immediate ban of cryptocurrencies. Now, it's the people and businessmen themselves that are calling for the government to put a total ban on Bitcoin.

Bitcoin Cash 24h $ 499.85-7.57-1.49%. NEM 24h $ 0.729819 +4.56%. The Reserve Bank of India had banned commercial banks from servicing to crypto traders and Sep 15, 2020 · India plans to introduce a new law banning trade in cryptocurrencies, placing it out of step with other Asian economies which have chosen to regulate the fledgling market. Feb 27, 2021 · The story of banning Bitcoin in India seems not to be any near to the end. At first, it was the country's Reserve Bank (RBI) calling for the immediate ban of cryptocurrencies. Now, it's the people and businessmen themselves that are calling for the government to put a total ban on Bitcoin. Feb 04, 2021 · India should launch a digital rupee – and back it with digital gold.

04.03.2021 India ban bitcoin reddit

This would include a ban on transacting directly via foreign exchanges. Jun 18, 2019 · The cryptocurrency ban is wrong and stifles the development of much of India, yet it is easy to see why many have come to this decision. Let’s hope this bill does not happen and some more positive stories come to light in India about this great industry we love. In what is great news for India’s crypto community, the Supreme Court of India has struck down the Reserve Bank of India’s (RBI) banking ban on Bitcoin and other cryptocurrencies.

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.

Feb 05, 2021 · The first step is simple: India should buy Bitcoin, not ban it. This article was first published on balajis.com and is reproduced here with permission. Balaji S. Srinivasan is an angel investor The Central Bank eventually banned cryptocurrency transactions following cases of fraudulent activities witnessed during that year. However, India’s Supreme Court overturned the ban in March 2020, which was a big win for the local crypto enthusiasts and the victory saw a sharp rise in cryptocurrency trading volumes in the country.

tldr; India's Finance Minister Nirmala Sitharaman has said that the government will not introduce a blanket ban on cryptocurrencies. "We are not closing our minds, we are certainly looking at ways in which experimentations can happen in the digital world, cryptocurrency and so on," she said.

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. Aug 24, 2014 · 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!! No Ban in India If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads. (Info / ^Contact) tldr; India's Finance Minister Nirmala Sitharaman has said that the government will not introduce a blanket ban on cryptocurrencies.

Mar 11, 2020 · Although it’s easy to imagine what the RBI’s real intentions for such a disproportionate ban actually were, this overruling is a win for Bitcoin adoption and a limit on consumer privacy. Despite the overrule, India’s central bank is now seeking a review.

I don’t see the point in this and even understand what the government is trying to accomplish. Indian billionaire Rakesh Jhunjhunwala, sometimes referred to as the Warren Buffett of India, says that the government should ban bitcoin. Calling the cryptocurrency "speculation of the highest -- On February 28, 2019, the Finance Ministry committee on virtual-currencies recommended a ban and suggested that India should create a digital rupee. 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.

Someone has linked to this thread from another place on reddit: [r/u_aaya_aya] Bitcoin news India [r/u_bhagathp] A Good News!! No Ban in India If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads. (Info / ^Contact) tldr; India's Finance Minister Nirmala Sitharaman has said that the government will not introduce a blanket ban on cryptocurrencies. "We are not closing our minds, we are certainly looking at ways in which experimentations can happen in the digital world, cryptocurrency and so on," she said. Mar 25, 2013 · A community focused towards discussion of Bitcoin in India.

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. (Shutterstock) A Bitcoin statement came from Rakesh Jhunjhunwala, who is seen as the Warren Buffet of India and is touted as the 38th richest person in the world with a fortune of $ 3.2 billion. “I will never buy Bitcoin.

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30 Jan 2021 Users on the Reddit thread SatoshiStreetBets -- which describes itself as the “ crypto version of WallStreetBets” -- are imploring others to hold on pi cryptocurrency reddit 2021 Reddit has raised $250 million from new and existing the world's second-largest Bitcoin market after the United States — has banned the trading It's About The Future of Blockchain & Crypto 29 Jan 2021 Others called on investors in India and Europe to help prop up the virtual currency during US overnight hours.