Just let them be and actually people got already tired on kind of news which do ban and then lift off then ban again like situations.If they totally get rid of it then so be it if they go back then its a good news, just like that.

Each country do have its own jurisdiction when it comes to things so it wont be a surprising stuff to look or see these kind of decisions but its already getting boring for us to look or make it as a serious thing.

2-3 years battle?  Why they can just focus on one side of things?

They will need a throughly research regarding this matter, it's not necessary to ban it, but it will be better if they will able to spread word or educate their people how to fully use it to avoid scam projects, we all know sooner or later crypto will be adopted by many and they were lucky enough that it was already made legal in them, what they can do now is to harness the possibility that it can be used in better transactions and how they can improve so people will be aware and stay away from scammy projects.

This isn't not yet implemented since they are planning to have a law towards Bitcoin and other cryptos to ban in India.
I heard this before and this isn't a fresh news, we can't blame them if the number of fraud cases that connected to crypto has been grown in that country. But someday they will realize that those fraudulent services must seize not the crypto itself, the RBI has noted this that's why they want to prevented banks from providing services in support of cryptocurrencies.

Their country, their rules. Probably they had already suffered of many fraudulent that involved cryptos. It's better to abide the law because as I read, it is punishable with a fine or imprisonment if some who will caught direct or indirect use any private virtual currency.

It's still under discussion and not a straight-up ban, so I suppose there's still some chance it may actually survive. Still, it seems like they are planning to explore cryptos in general and blockchain, but not Bitcoin itself oddly enough. I see no negatives in allowing Bitcoin, and honestly, their reason for banning due to the string of frauds (according to the article) seems pretty stupid imo, it's like the usual argument of blaming the medium for doing something evil when the owner was the one that did it.

It'd actually be a lot better if they instead educated people about crypto and investments, so that frauds could easily be seen and avoided by most people. Unfortunate for those investors that entered India when they unbanned Bitcoin though, hope that India actually just puts up a proper solution instead of a straight up ban.

on the grounds of fraud they prohibit bitcoin but bitcoin is increasingly accepted by many people, they ban bitcoin in the future they will know that they are getting behind.

These rumors have been going around for the last 2-3 years and no concrete step has been taken by the government in this regard. Recently the supreme court of India ruled that the banking ban on the cryptocurrency trade was illegal and struck it down. As of now, there are around 1.7 million active cryptocurrency traders in India and it looks very unlikely that the government would do something drastic.

India is just too afraid of the capability of cryptocurrency and with the power and profit it could give to traders, in which they cannot imply nor track all of the Indian or any people that resides to india that trades with crypto and gains in it, nor tax them with such activities. All they can think of is banning it, it wouldn't take years if they would simply ban it with the India's Internet Service Providers or Telecom Companies, unless the court would progress slow with the investigations and the implementations of the law. It's a normal case in many countries, but it usually just fades away with the fact that they couldn't handle the vast network of crypto.

Well, they have been in this on-going battle since 2017, so I don't know why the government is taking too long to react.


It's interesting to note that RBI is fighting hard to ban bitcoin. For me, they treat bitcoin as a competition and just hides their excuses like "it is being used by criminal" shit and all that negative stuff. Yes, the country will really benefited a lot if they go crypto, but that's what RBI doesn't want to happen. Unbank people into crypto, they are going to lose a lot of customers and of course money in return.

and just like China all the news has been fake too.
India never banned or unbanned bitcoin similar to China. the only thing that happened was that their reserve back stopped letting bank users to buy bitcoin using their services.
keep in mind that "banning bitcoin" means people would not legally be able to own, use or trade bitcoin which did NOT happen in India ever.

Maybe, the problem is about the possible regulations of bitcoin in their country. Most of the people in their country are not that knowledgeable or well-informed about the use of cryptocurrency in their country that's why instead of legalizing it, they prefer to ban it. It takes a lot of time and courage for a country to study how bitcoin works and why is it important in the market and economy.

Just like other countries, they still think that bitcoin is a scam, fraud, and not a real currency. It is digital but it doesn't mean that bitcoin is not really existing, it does exist in the market and it dominates other currencies. Hoping that this 2nd to the most populated country will soon understand how bitcoin can change an economy to become greater.