India ban bitcoin reddit

India should launch a digital rupee — and back it with digital gold. More broadly, India should champion decentralised cryptocurrencies like Bitcoin and Ethereum to safeguard national security

You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. The Indian government is about to ban crypto currency. How to store them without being caught. Thank you soo much for your suggestions A community focused towards discussion of Bitcoin in India.

03.02.2021

“ India will lose big time if btc (Bitcoin) is banned. It's like the govt WANTS us to stay poor, ” said another. Bitcoins Crypto News Trending Investors are having a tough time digesting the fact that India might ban Bitcoin. Recent reports suggest that this step might be taken by the government in favour of a homemade digital cryptocurrency. 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.

Mar 08, 2021 · India’s Finance Minister Nirmala Sitharaman says that the nation intends to provide a regulatory landscape in which crypto technology can be tested, quelling fears of a full-on crypto ban in the country. In an interview on CNBC-TV18, Sitharaman assuages some concerns that India may be attempting to outlaw cryptocurrencies.

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India’s Supreme Court lifted the two-year ban on bitcoin and other cryptocurrencies after declaring it unconstitutional. The move was highly celebrated by investors, developers, and cryptocurrency users and immediately saw many investors revive their crypto businesses as well as attract multiple other new investments into the country’s booming blockchain industry.

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!!

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.

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.

RBI BAN BITCOIN | RBI DIGITAL CRYPTOCURRENCY | CRYPTO YOUTUBER AMANJOIN TELEGRAM - https://t.me/mlmamantelegramThe governmen Feb 08, 2021 · The value of Bitcoin soared as high as $40,000 (roughly Rs. 29.2 lakhs). However it still remains volatile, and on January 11, we saw Bitcoin sliding 26 percent in its biggest plunge since March 2020. May 23, 2019 · But this is a big blow to Crypto enthusiasts in India, as we are once again left in dark about the future of Bitcoin and other Crypto assets in India. There is still Hope. In a month from now, the Supreme Court will hear Crypto Vs RBI matter in court. Bitcoin Cash 24h $ 499.85-1.49%. Bitcoin Cash 24h $ 499.85-7.57-1.49%.

Mar 25, 2013 · 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. Feb 22, 2021 · 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. Jan 30, 2021 · India plans to introduce a law to ban private cryptocurrencies such as bitcoin in the country and provide a framework for the creation of an official digital currency during the current budget Jan 30, 2021 · India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a Amid the talks of a possible ban in India, crypto-currencies have received a fresh boost following a backing from Elon Musk. His car firm Tesla has bought about $1.5bn (£1.1bn) of Bitcoin in bought about $1.5bn (£1.1bn). The investment helped Bitcoin to jump 17% to $44,220, a record high. Feb 11, 2021 · “India needs Bitcoin, India needs Water, India needs electricity,” wrote one reddit user on a r/Bitcoin thread.

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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.

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. “The government should ban Bitcoin and other cryptocurrencies.” Dollar billionaire Feb 12, 2021 · India will go ahead with a complete ban on investment in cryptocurrencies, while providing existing investors a transition period to exit their holdings. Cryptocurrency isn’t fiat currency backed by the Reserve Bank of India and its usage in all forms will be banned through the new law that will be introduced in Parliament.