India ban bitcoin reddit

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.

This article contains links to products or services from one or more of our advertisers or partners. We may receive a While a ban could hurt the overall network, restrictions on mining in China could actually be a positive thing in the long run, as it would encourage more decentralization of the network.. This copy is for your personal, non-commercial use China's state planner is considering a ban on Bitcoin mining as it looks to exercise more control over the country's cryptocurrency industry. By Anthony Spadafora 09 April 2019 Increased electricity usage likely the reason for the ban Bitco If you haven't heard of [Reddit](https://www.reddit.com/) — well, let's face it. You're here on the Internet. You've heard of Reddit. But if somehow you've yet to _experience_ Reddit, perhaps it's time.

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More broadly, India should champion decentralized cryptocurrencies like Bitcoin and Ethereum to safeguard national security, prevent deplatforming, attract international capital, strengthen monetary policy, deter financial fraud, accelerate technological development, and hasten India’s ascendance as a global power. Mar 07, 2021 · India is renowned for its controversial stance on bitcoin after several “back and forth” regulations. The government had initially banned cryptocurrencies in 2018 after warning investors. The halt was later overturned by the Supreme court.

“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. “Instead of banning, if they regulate crypto industry, they will be able to collect more tax..,” argued a third on a telegram group, WazirX Discuss. While there

The halt was later overturned by the Supreme court. The apex court described the ban as “unconstitutional.” Bitcoin India Ban Hi Guys and Girls, I’ve only recently started in the crypto scene, I’ve been researching different views on crypto both sides of the argument and really think this will become widely adopted as wealth security for many high net worth individuals and corporations. Bitcoin is a distributed, worldwide, decentralized digital money.

The 2019 Crypto draft bill was titled “Banning of Cryptocurrency and regulation of official digital currency” which was later struck off by the Supreme Court of India to be unconstitutional. Hence, with the current bill, there is a higher chance that the law might be less extreme than the previous draft bill, but some sort of trading will be possibly restricted.

Let’s hope this bill does not happen and some more positive stories come to light in India about this great industry we love.

(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. 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. 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 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.

FOLLOW ON. Political 19 Jan 2018 The most popular cryptocurrency is Bitcoin. No single organization, such as a central bank, creates digital currencies. Digital currencies are 25 Feb 2021 One of Reddit's most controversial communities called r/WallStreetBets, has helped GameStop stock soar. The video game retailer's shares 2 Mar 2021 However, given this background, one cannot conclude that bitcoins are illegal as, so far, there has been no ban on bitcoins in India.

Jun 12, 2020 · The ruling lifted a de facto ban on trading in bitcoin and other such instruments and had prompted startups to say they would revive plans to invest and expand business in India. However, the going hasn’t been smooth, industry experts said. 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. Meanwhile, cryptocurrency businesses inside and outside India are moving quickly. Jan 31, 2021 · India’s Supreme Court lifted the two-year ban on bitcoin and other cryptocurrencies after declaring it unconstitutional.

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.

More broadly, India should champion decentralised cryptocurrencies like Bitcoin and Ethereum to safeguard national security 12.06.2020 India to ban BITCOIN & other cryptocurrencies - Centre to launch official digital currency of Indiastudyiq, study iq, study iq current affairs, February curr 29.01.2021 07.03.2021 India's federal cabinet is expected to shortly discuss a new bill that would ban cryptocurrency trading before passing it to parliament, sources told Bloomberg. 29.01.2021 Cryptocurrency Bill 2021!!! / Is Indian Government Ban Bitcoin - Tamil Crypto Tech*****Supreme court case de The government of India plans to introduce a legislation in the country’s lower house that would ban private cryptocurrencies like Bitcoin and instead establish a national cryptocurrency.. The lower house of India’s parliament (Lok Sabha) is set to hold a session to lead the ban of private cryptocurrencies while creating a framework for the establishment of an official digital currency to That means the single highest value thing the RBI and the government could do for India today is not to ban Bitcoin, but to buy Bitcoin.

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