Cryptocurrency is Illegal

[frknbbr]

For define it illegal, there must be a decree in statutes. I'm not sure India's statutes have this kind of decree or not but i dont think so. Most of country dont have any decree about it so we cant say its illegal

[Jaguar]

Illegal if there is law against crypto recognition. However if no law against it crypto is not illegal. Probably government in India saw something bad effects in economic growth and to its citizens.

[Theroyals]

There is a state that prohibits and there are also countries that allow Cryptocurrency. So it does not mean illegally overall. Because each country has its own rules about this cryptocurrency.

[PreshB]

Replying the topic, when you say something is illegal you need to look at the basis of what makes it illegal. The Government has always fooled the masses to believe that any thing that is not registered with them is illegal, whereas the multi-million dollar ponzi schemes other wise known as High Yeild Investment Programs (HYIP) Registered with the Governments always reap-off the masses.

[Anggit]

We should think positively, there are some countries that do not accept crypto and some also legalize crypto, but I believe that for the future crypto will certainly be accepted in a large country.

[Bobcrypto]

For clarity, cryptocurrency like bitcoin is not recognized as a legal payment method or financial instrument in India. However, it is important to note that they are also not illegally controlled.

Source link: https: //www.ccn.com/cryptocurrency-is-illegal-president-of-indias-primary-it-body-claims/

I took a little quote from the latest news from CCN, is this one bad news for cryptocurrency?

Thank you friend, but just to let you know that most of those articles or news site are people who has not really understood Bitcoin or cryptocurrency. Unfortunately they run into conclusion and publish all kinds if hate news just to rubbish cryptocurrency but fortunately, it always ended up given it the more awareness and popularity. There are people and countries in the world today that has welcomed crypto while others has kick against it. And in a nutshell, it is some love it, while some pretend to hate it, however, crypto has actually come to stay. Thanks

[xtian_1988]

Maybe that's an isolated case,because some countries also in Asia accept Bitcoin as payment method like in Japan and Korea you can use it to pay in some convenient store and  recreational facilities, here in Philippines you can use bitcoin to Pay for Airline ticket, And the recent one that ive read earleir in facebook is in China they approved the use of Bitcoin and consider it as a property.. Maybe in time India will be able to  legalized yhr use og Bitcoin like its neighbor country.

[AltLogan]

Not only India has this issue.
Many governments still can't accept digital currency.

[ComeBack]

Yeah, Most of the people now are thinking that crypto is illegal or just a currency that other people using to scammed the others. Before I thought the same but if they will really going to read and join here they will accept and learn something good about it.

[Mbah Jenggot]

For clarity, cryptocurrency like bitcoin is not recognized as a legal payment method or financial instrument in India. However, it is important to note that they are also not illegally controlled.

Source link: https: //www.ccn.com/cryptocurrency-is-illegal-president-of-indias-primary-it-body-claims/

I took a little quote from the latest news from CCN, is this one bad news for cryptocurrency?

No, At several countries crypto currency is illegal. But In my country The government doesnt ban crypto currency.

[cryptofunn]

in most countries they are not yet defined with the status of crypto currencies. Therefore, to say that they are not illegal. Even China recently decided that bitсoin is a subject of ownership and allowed them to trade. This means that soon the legal status of crypto currencies will be determined by other countries.

[DeKingCrypto]

I would rather say it can be called illegal if the country where its government ban it and the people there are still secretly using it.

[bubblebubble]

I would rather say it can be called illegal if the country where its government ban it and the people there are still secretly using it.

Yeah, this is the right interpretation. There is not any ban so you can use bitcoin even between private parts.

[Kinara]

Maybe the country that prohibits the circulation of cryptocurrency does not know about crypto technology, and crypto benefits, there have been several countries that have received crypto well, it has made the economy of society better.