Is cryptocurrency trading in India going to be banned again?

[Freemind]

I think indian goverment is going to ban it because some banks in india not providing suvices to the crypto exchanges & shutting down crypto traders account.

It may be as you say, but anyway I think it is better to wait for an official statement from the government. As long as there are no official statements, there is still hope and they may be trying to regulate cryptocurrencies in some way, so it is best to wait. In the end it is possible that we all get a surprise, they are taking a long time to say something official.

[pieppiep]

in some countries like India I think cryptocurrency is popular there it's just that maybe India has a bad image with cryptocurrencies, they use cryptocurrency to do money laundering and other crimes that make cryptocurrency bad in the eyes of the Indian government.

[Freemind]

in some countries like India I think cryptocurrency is popular there it's just that maybe India has a bad image with cryptocurrencies, they use cryptocurrency to do money laundering and other crimes that make cryptocurrency bad in the eyes of the Indian government.

That "bad" vision of cryptocurrencies is not only held by the Indian government. There are many governments in many countries that firmly believe that cryptocurrencies are only used to launder money and commit crimes, when various statistics and studies show otherwise, but it really doesn't matter much what governments believe, cryptocurrencies will continue to be used in one form or another and more than 95% of crime and tax fraud will continue to be committed with FIAT.

[amzexpert]

I think that the Indian government Knows about it. I think that it will not be banned. I have heard the news that it will not be banned because if it will be banned it will cause a great problem for the cryptocurrency because there are a lot of users that support bitcoin lot.