India's ban on crypotcurrency comes with a transition period

[joy101]

I think that is their business if India government wants to ban the cryptocurrency in their country, it can never stop the investors to stop investing into crypto.

 

[Jlife]

they should tried as much as possible to reverse the ban on cryptocurrency because India is one of the best country in the world that have interest in investing in cryptocurrency,if they should be banned it will affect cryptocurrency

 

[Setfragil]

I do not see this has a bad news for cryptocurrency users in India as Nigeria also did the same thing by banning cryptocurrency but the citizens were not banned from transacting it. It only affects financial institutions.

 

[Jlife]

Banning of cryptocurrency in the 21st century is not the best decision because cryptocurrency is a digital currency,are they trying to say that they are not interested in the crypto currency when the world is slowly adapting into digital currency ?

 

[Kunkun]

The idea of banning crypto in the first place doesn't seem right to me as it's just restricting lots of investors from making preferred investments so they better have good reasons

 

[Shigobad2020]

I think that is their business if India government wants to ban the cryptocurrency in their country, it can never stop the investors to stop investing into crypto.

We all thought it was only india that is going to ban crypto currency but Nigeria has now joined the league of the countries that has banned the use of crypto currency coin.

 

[Chibson]

I don't really subscribe to the idea of countries banning cryptocurrency because I think their citizens has a right to do people currency transactions.

 

[Justin]

At this time crypto currency is no more banned in India and crypto market is booming in India. India's crypto market is mostly an in organized market.

 

[Setho]

There are a lot of countries right now that have also moved to implement their financial institution from engaging in crypto related matters and you can't blame them.

 

[Alexandoy]

I think that is their business if India government wants to ban the cryptocurrency in their country, it can never stop the investors to stop investing into crypto.

How can you say that a country cannot stop the people from trading in crypto when it is banned? I am awaiting for news on the Chinese if they are still trading in crypto because China has strict orders to arrest their people who are still trading in crypto. That is scary.

 

[Jlife]

I do not see this has a bad news for cryptocurrency users in India as Nigeria also did the same thing by banning cryptocurrency but the citizens were not banned from transacting it. It only affects financial institutions.

What is the need for them to ban cryptocurrency from financial institution when cryptocurrency does not in any way affected the economy of their country, I do not still understand the reason behind this

 

[akinlolu99]

It is theorized that India is restricting private digital forms of money. I don't have a clue what it implies by private cryptographic forms of money. Yet, then, at that point India had restricted digital currency before, hence, in the event that it happens once more, it doesn't come as an amazement. At the point when India boycotts cryptographic money, I accept the cost will begin going down.

 

[eLdavis]

This is quit normal. The same thing happened in my country. The ban on crypto currency came so suddenly and unexpected, the government also gave a period where people can cash out their money they might have invested in crypto

 

[Shigobad2020]

Indian banning then use of crypto currency in their country is no news , many countries now like Nigerian government too has put a ban on the use of crypto currency and its affecting the co users one way or the other.

they should tried as much as possible to reverse the ban on cryptocurrency because India is one of the best country in the world that have interest in investing in cryptocurrency,if they should be banned it will affect cryptocurrency

 

[Setho]

The thing about cryptocurrencies is that it is still a work in progress and many people still have doubts about it so I do not blame the Indian government for this development but I hope that one day they will reconsider it.

 

[Nurudeen]

I really don't know why some these countries are getting scared of using or adopting crypto currency. If they want progress for their economy just like El Salvador has done they should adopt Bitcoin and move on

 

[Shigobad2020]

I believe banning of the use of crypto currency in India is only a bad news to then users of crypto currency over there as well as Nigerian and not generally a bad news because I beleive few percentage of people uses crypto currency.

 

[Yusuf]

The ban on crypto currency exchange Business can't really be talked enough. Some of these countries also need to know that crypto currency exchange Business is here to stay and they don't have choice than to accept it

 

[Setfragil]

What is the need for them to ban cryptocurrency from financial institution when cryptocurrency does not in any way affected the economy of their country, I do not still understand the reason behind this

India is yet to ban cryptocurrencies I think they were deliberating on whether to ban it or not when the original poster created the topic. If they did ban it, people will still find there way around it.

 

[Kelly5]

This ban by the Indian authorities on the use and transactions in cryptocurrencies will not in any way affect the cryptocurrencies market at all. But as usual, Indians will find a way around this ban to their advantage