Is India Going To Ban BITCOIN Again?

[Shivay]

The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.

They are again planning to ban Bitcoin In India and also stop all the trading platforms going on with it of all rhe cryptocurrencies

Govt to introduce bill for banning cryptocurrencies. Here's what you need to know

The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.

www.hindustantimes.com

Being an Indian , I found it really bad.


I saw this on the Hindustan Times India -

https://www.hindustantimes.com/india-news/govt-to-introduce-bill-for-banning-cryptocurrencies-here-s-what-you-need-to-know-101612007129123.htm

Comment your opinions down below -

 

[mcjerry]

I never thought India will be among the countries that will put embargo of bitcoin and other coin. India is a country that is blessed with information technology experts. And Blockchain is related to information technology. I believe the regulations is for small time. They will accept it soon

 

[InvesturOlusegun]

This a bad news to my friends into crypto business in India

 

[Damscooguns73]

Concerning Indian bitcoin again. Well, I believe India or part of India is developed enough to know about cryptocurrency and it benefit to investor or people who are interested in it. Cryptocurrency is based on blockchain and it is information technology related which I believe Indians are very knowledgeable about technology. I hope they settle this issue and ends positively

 

[Royalty]

I think the reason there against other cryptocurrencies is because they have an intent of making their own that will be use as the only and general accepted cryptocurrencies in india.
India's government plans to introduce a bill in the country's lower house that would ban private cryptocurrencies such as bitcoin and create a national cryptocurrency.
The so-called "Cryptocurrency and Regulation of Official Digital Currency Bill" .

 

[Akinwale701]

The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.

They are again planning to ban Bitcoin In India and also stop all the trading platforms going on with it of all rhe cryptocurrencies

Govt to introduce bill for banning cryptocurrencies. Here's what you need to know

The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.

www.hindustantimes.com

Being an Indian , I found it really bad.


I saw this on the Hindustan Times India -

https://www.hindustantimes.com/india-news/govt-to-introduce-bill-for-banning-cryptocurrencies-here-s-what-you-need-to-know-101612007129123.htm

Comment your opinions down below -

I still do not understand why countries have undertaken to take the step of banning Cryptocurrency especially bitcoin and also restricting their citizens from doing business. Cryptocurrency offers people great avenue to become rich and even wealthy over a short period of time if traded well.

 

[Dubai]

The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.

They are again planning to ban Bitcoin In India and also stop all the trading platforms going on with it of all rhe cryptocurrencies

Govt to introduce bill for banning cryptocurrencies. Here's what you need to know

The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.

www.hindustantimes.com

Being an Indian , I found it really bad.


I saw this on the Hindustan Times India -

https://www.hindustantimes.com/india-news/govt-to-introduce-bill-for-banning-cryptocurrencies-here-s-what-you-need-to-know-101612007129123.htm

Comment your opinions down below -

This will be quite worrisome fo those of you into bitcoin in India. Although I doubt the banned it the first time because it will be hard to put a ban on crypto currencies. They might only regulate the medium of translating with bitcoin. Nigeria did samething just last week.

 

[McChris]

I don't think that india will be among the country that will banned Bitcoin. But it depends on them if the see that it is affecting the citizens of the country that don't engaged on that. And if also it does not bring any side effects to them

 

[Chaudhary10]

This a bad news to my friends into crypto business in India

You can make a living writing. Yes, it's possible to support yourself by writing full-time. And you don't have to be famous or lucky to do it. I've done it for the past six years and have coached thousands of others through the same process, seeing many of them succeed.

 

[Niftyyem]

I think from recent news, the development is that the Indian government is looking into regulating crypto use and not going for an outright ban and that is such a wise and progressive decision any other government should make.

 

[Sincerem]

I don't think such decision of banning Cryptocurrency have taking place around Defi coins and other hidden digital coins in India. It gonna be disheartening if the head's come into concrete consensus to ban this coins in the country.

 

[Dowenship]

The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.

They are again planning to ban Bitcoin In India and also stop all the trading platforms going on with it of all rhe cryptocurrencies

Govt to introduce bill for banning cryptocurrencies. Here's what you need to know

The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.

www.hindustantimes.com

Being an Indian , I found it really bad.


I saw this on the Hindustan Times India -

https://www.hindustantimes.com/india-news/govt-to-introduce-bill-for-banning-cryptocurrencies-here-s-what-you-need-to-know-101612007129123.htm

Comment your opinions down below -

This is truly a bad news to the traders in Indian most especially those that are earning a living from it.... But that doesn't stop some other traders because i believe it wont be applicable to international platform...

 

[Trojan8]

This was way back in January and yet nothing concrete came out of it. Now it's March and they are still talking about another mythical ban. India policy makers need to sit down and analyze the impact of this kind of decisions on the economy in general. They don't seem to have any firm of consistency.

 

[Prettybabe]

So Indian has taken the step of banning cryptocurrency too? I thought it was just Nigerian government that does this.

Anyway, I still can't understand why they all have to ban cryptocurrency. Is it a threat to them?

 

[kayode10]

This is a sad news and it is very pathetic at the same time. Bitcoin another cryptocurrency had created opportunity for young people in Indian to make more money from the comfort of their own. With this policy the government is going to make life a bit unbearable for them and this is bad.

 

[Sincerem]

This is a sad news and it is very pathetic at the same time. Bitcoin another cryptocurrency had created opportunity for young people in Indian to make more money from the comfort of their own. With this policy the government is going to make life a bit unbearable for them and this is bad.

Very unbearable indeed, i really don't understand why governments does not find favour what the masses are gaining right. Is it that, they enjoy majority of people to be languishing in abject poverty?

 

[maventiger]

The economical implication of such policy will hurt the in flow of foreign currency which will have bot direct and indirect impact on the Economy. Implementation of policies without careful thought lead to more pressure on the economy, and other financial institutions in the country.

 

[Monster Masterpiece]

So a question go in mind if a country fails to make tax and regulation about cryptocurrencies they go directly to ban this coin so all of the story that they fail to know how much indians earn from bitcoin and altcoins.

 

[Nurudeen]

According to the latest report coming from the media houses it has been confirmed that India will definitely ban crypto currency exchange Business in their country due to some irregularities and I think they just need to make some measures to regulate it and that's all

 

[Sincerem]

The economical implication of such policy will hurt the in flow of foreign currency which will have bot direct and indirect impact on the Economy. Implementation of policies without careful thought lead to more pressure on the economy, and other financial institutions in the country.

I really don't know why government will just wake up one morning and call delegates to dialogue on banning something the mass is gaining from. Same unpleasant behavior occurred recently in our dear country Nigeria.