crypto is not banned in India

[rajamishra]

hello friends some news flash in my mail just now from  WazirX  , i want to sharing with all of you who are residing in india just go through it.

Hey there!

Please don't panic, crypto is not banned in India. The inter-ministerial committee (IMC) report is just a recommendation which has to go through many stages before it becomes a law.

Important: WazirX is an international exchange registered outside India, and will continue to operate. Holding crypto on WazirX is similar to holding crypto on any other international exchange.

We're at a crucial point in the crypto revolution in India, and if you believe in crypto, hold crypto, or work in this industry — the time to act is now! IMC’s report is flawed, and lacks a fundamental understanding of cryptocurrencies. If implemented, it will push our country decades backwards, and we will suffer!

I've written a post on Medium about the problems with the report, and what we - the entire crypto industry - can do to prevent this recommendation from becoming a law.

Please read it, and spread it everywhere! #IndiaWantsCrypto

[barbaris]

If this is true, then this is a positive signal for both the country and the cryptocurrency market. On cryptocurrency, you need to earn and raise your country, and not to impose bans on what is the future in the world.

[rajamishra]

1 hour ago, barbaris said:

If this is true, then this is a positive signal for both the country and the cryptocurrency market. On cryptocurrency, you need to earn and raise your country, and not to impose bans on what is the future in the world.

hello friend its little bit good sign for us so many trading sites wait for the moments when india unban cryptos.

[Gourav12]

Yeah that's a good news more discussion in parliament in winter session  i think. What other exchanges you use in India ?

[iamsheikhadil]

Crypto can't be banned in India. Because, Modi himself praised blockchain also the government is very anti-bitcoin lol.

Hopefully, something good comes out of their mind.

[Doge4me]

really? 

well im also user of wazirx but i haven't received any mail in that matter and i think if it happens still i don't feel safe to gamble ir trade publicly because rbi is still stick on his decision case is still pending in court we can't feel free till officially regulation announcement but i would say i don't really scared because we have lots of way to convert into fiat and im sure in coming days government will understand the power of technology power of btc 😉

[sheenazbay]

if it's true, then it's good news for friends from india