India ban bitcoin reddit

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

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. “India will lose big time if btc (Bitcoin) is banned. It's like the govt WANTS us to stay poor,” said another. Jan 30, 2021 · India’s monetary policy regulator temporarily banned crypto transactions after a string of fraudulent activity in 2018, but the policy was later overturned by India’s Supreme Court in March 2020. India’s finance minister also said that they do not take responsibility for the transactions made in cryptocurrency.

15.05.2021 India ban bitcoin reddit

Reddit gives you the best of the internet in one place. jump to content. my subreddits. edit subscriptions. popular-all-random-users | AskReddit-movies-funny -gaming-todayilearned-explainlikeimfive-videos-pics-aww-tifu-news-IAmA-worldnews-TwoXChromosomes-books-Jokes-LifeProTips-askscience-space-mildlyinteresting-sports-Art-Showerthoughts-Music-science-OldSchoolCool-gifs-nottheonion-DIY India’s supreme court has overruled the Reserve Bank of India (RBI)’s 2018 ban that prevented banks within the country from working with cryptocurrency-related businesses. Sunny Ray, the global head of business development for cryptocurrency exchange Kraken and previous founder of the first regulated cryptocurrency exchange in India, described the significance in a blog post . 06.03.2021 30.01.2021 04.03.2020 Suicide and Scams: Why India may have moved to ban the Bitcoin industry.

-- 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.

Our Interested in Bitcoin? Read our comprehensive guide to how and where to buy bitcoin in India – it's easier than you think!

19 Jan 2018 The most popular cryptocurrency is Bitcoin. No single organization, such as a central bank, creates digital currencies. Digital currencies are

It's like the govt WANTS us to stay poor,” said another.

Calling the cryptocurrency "speculation of the highest Mar 10, 2021 · The Indian government may not completely ban (or attempt to) the use of decentralized cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). During a recent interview (conducted on March 5, 2021), Feb 12, 2021 · India Will Ban Bitcoin, Says Senior Finance Ministry Official: Report According to a report, India's draft bill that will ban Bitcoin and other cryptocurrencies in the region is set to be passed. India's Parliament is expected to consider a bill to ban "private" cryptocurrencies, with some as yet unspecified exceptions, which would allow the government to create a state-sanctioned digital Feb 23, 2021 · India's regulators have yet to make a decision on bitcoin and other cryptocurrencies, but there's widespread speculation that the government is planning to ban all private virtual currencies and 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.

Bitcoin Cash 24h $ 499.85-1.49%. 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.

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. 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.

Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A community focused towards discussion of Bitcoin in India.

28.11.2013 25.03.2013 India's friction with Bitcoin India has had a tricky relationship with Bitcoin and crypto companies in the past. In April 2018, the Indian central bank effectively banned banks from working with crypto companies. This made it exceptionally hard for crypto companies to continue to operate in the region, with many exchanges shutting down. 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. Musk has also been talking about Bitcoin and other 10.03.2021 22.02.2021 03.02.2021 Reddit gives you the best of the internet in one place.

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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. Musk has also been talking about Bitcoin and other

The Indian cryptocurrency scene is currently waiting on an imminent Crypto Bill, which may define the future of digital assets in the country. Speaking to CNBC today, the investor nicknamed “Indian Warren Buffet” said regulatory agencies should take action and ban Bitcoin: “The only power that needs to issue money should be the state (s). India should focus on digital rupee studies. I will never buy Bitcoin. AA 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.

Bitcoin is one kind of digital currency or cryptocurrency, a medium of exchange that exists exclusively online. Bitcoin has created much controversy, from proponents who say it’s the future of currency to those who decry it as a speculative

24.08.2014 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. In simple terms, Bitcoin is a currency of the people, by the people and for India Bans Cryptocurrency - My reasoning on why countries shouldn't ban crypto. There are a few reasons why I think this crypto ban is an unadvantageous one. REASONS: Firstly, by investing in anything like stocks, forex, commodities and crypto, you agree that there is a risk in it.

Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin.