Is cryptocurrency trading in India going to be banned again?

[aarif123]

Indian goverment are not banning cryptocurrency they are saying that we don't want private cryptocurrency they are creating their own cryptocurrency like Venezuela did in 2018 but this decision is still pending.

[Dreamer]

I'm not sure about this but I hope they will not! Many countries already noticed the importance of cryptocurrencies, some countries are benefited from citizens who use crypto. Because they invest a lot of money in crypto, and they earn profit then they use it to start a normal business, but in the end, they'll pay government tax! India has many crypto users so I believe they to grow their country's economy even if they don't know!

[Confero]

This cryptocurrency is very popular and globalized, I think India will not ban Cryptocurrency trading anymore. Especially now with a very high Bitcoin price making Bitcoin even more popular and included in the list of the highest assets in the World.  India is a big country, of course India doesn't want to miss this Cryptocurrency.

[babu10]

No I Can't Think That. Because Now A Days Cryptocurrency is More Popular in India. Some Physical And Virtual Cryptocurrency Exchanger Opened In India. And Government Approved some Exchagers. So I Can't think Cryptocurrency will Not Banned. I Think the Future Of Cryptocurrency In India will Bright. People’s and Government takes it Positively.

I think you are right. I haven't seen any banned news from India so without any reference we can not say India will again ban cryptocurrency again. Where Indian govt thinking for own cryptocurrency there how they ban? But if anybody has more authentic news can reply here please.

[Fenix]

No I Can't Think That. Because Now A Days Cryptocurrency is More Popular in India. Some Physical And Virtual Cryptocurrency Exchanger Opened In India. And Government Approved some Exchagers. So I Can't think Cryptocurrency will Not Banned. I Think the Future Of Cryptocurrency In India will Bright. People’s and Government takes it Positively.

I think you are right. I haven't seen any banned news from India so without any reference we can not say India will again ban cryptocurrency again. Where Indian govt thinking for own cryptocurrency there how they ban? But if anybody has more authentic news can reply here please.

The Indian Parliament is really considering a bill that prohibits the circulation of cryptocurrency in the territory of this country and even provides for criminal liability for its use. It is difficult to say so far what will happen with this bill. In any case, a few days ago it was decided to postpone its consideration for the next session.
The Indian authorities are too delaying the decision on the legalization of cryptocurrency, keeping the people in constant anxiety and uncertainty.

[Fivestar4everMVP]

Like it was banned in Nigeria and doesn't doesn't even seem like it for the citizens, everyone is busy doing their normal transactions in crypto and even the government that banned it are not saying anything cus they know they can't really stop people from using or investing in crypto, they are just going to get a backlash from the citizens.

[Freemind]

The exact same thing is happening as with Nigeria, to begin with they firmly say that they are going to ban cryptocurrencies for alleged illicit use, and then postpone it to talk more in depth. I don't know if they follow the same pattern of banning first and thinking later, but they do instill fear in their citizens.

[Coin63@]

what are your thought's on this

India a cryptocurrencies friendly country and huge densely populated countries in the world. But unfortunately say that it would be gone to ban Crypto in india and indian central bank. Which would create a bad impact on cryptocurrencies market.

[ranaprime]

The Indian government is in a dilemma. They allowed crypto once but later banned it again. Now they have made a new announcement again, they have declared all private crypto illegal and they will officially bring new coins to the market.

[yohananaomi]

The Indian government is in a dilemma. They allowed crypto once but later banned it again. Now they have made a new announcement again, they have declared all private crypto illegal and they will officially bring new coins to the market.

surprising with the inconsistency of the Indian government in disclosing things like this, even though we know India is a very advanced technology place there, but for this they actually prohibit it. but we don't know what the problem is so crypto is banned because the one who knows clearly the government.

[H2O]

what are your thought's on this

I don't know anything about cryptocurrencies ban on India. Of it would be possible then it would create a negative impact on cryptocurrencies market. Because india a big part of cryptocurrencies in world cryptocurrencies market.

[yohananaomi]

I don't know anything about cryptocurrencies ban on India. Of it would be possible then it would create a negative impact on cryptocurrencies market. Because india a big part of cryptocurrencies in world cryptocurrencies market.

It seems that the prohibition has been rolling for a long time but it seems that the decision is still being discussed to become law first. perhaps the ban was due to the government's intention to make crypto money itself. after all it will definitely shake up crypto as a whole if it happens.

[Triedboy]

I heard such a news a few days ago. But now the Indian government has legalized cryptocurrency. No matter how hard you try now, you will never be able to finish cryptocurrency trading. Cryptocurrency has spread so widely across the country that it will never stop trying.

[Blue_sea]

As far i know that india will ban all the private crypto coins. Though the decision is pending. We will get the final announcement form the indian government after that we will confirm. Inida likes to use indian crypto currency only.

[Sharelock]

I am not from India, but I will try to answer this.
For me, whether any country that bans cryptocurrency is not a problem.
Because crypto is in the digital world and news like that is in the real world.
So that it won't affect my mind.
For example, in 2017-2018 the country of China prohibited using crypto when the price was high