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Comments/Suggestions Invited for the Existing Virtual Currencies Framework
Start Date :
May 20, 2017
Last Date :
Jun 01, 2017
00:00 AM IST (GMT +5.30 Hrs)
The circulation of Virtual Currencies which are also known as Digital/Crypto Currencies has been a cause of concern. This has been expressed in various fora from time to time. ...
Cryptocurrency is very safe and fast process of money transfer. We should think about Bitcoin bcoz it is acceptable all over the world. e. g. -Japan legalize it & Australia use it as a currency &Russia legalize next year. So bitcoin acceptance very fast. So why we should not a part of it & legalize in India.
My comments suggesting methods for the regulation of virtual currencies is attached as a pdf. Views expressed therein are personal.
This will bring all under control no black money or floating money. This all also help in reducing cash uasage. Also people will feel confident.
Honorable PM of India.
I would suggest that the government should find a way to classify crypto or digital currencies as digital goods and tax the capital gains accordingly. As the researchers must have now confirmed that blockchain is a technology which noone can stop. So looking at large market cap of these assets we should also follow paths of many countries and declare this legal and classify as digital goods and charge tax.
Tech people are saying Crypto currencies will account for 10 percent of the average daily volumes (ADV) of fiat currency trade in near future. When most of the countries are legalising it and some even using it as a currency, India too should take a step forward and legalize cryptocurrencies. May India make a bold decision!
Bitcoin and other crypto currency should be legalised in India as most of the other big countries have legalised this and made have added aa their currency. It would be better if their isn't any involvement of government otherwise bitcoin will loose popularity.
Bitcoin is now a leading cryptocurrencies. It's cost shows it's worth. With Bitcoin major cryptocurrencies like Ethereum etc also should be legalized. It is a blockchain technology based and entire world has started using blockchain technology and it the future currency and will be more and more popular because it has limited numbers which are predecided and the appreciation is going world wide. Country like Japan has already legalized as parallel currency and India also must do it.
Bitcoin ko legalised karna chahiye kyunki baki country bhi Bitcoin ko legalised kiya hai aur bhi karne wake hai to hun kyun piche rahe isse hamari desh ka fayda ho ...................!
bitcoin is the wonderful way to get rid of cash culture by which government can save the money in printinf currency note and also it is best and cheapest way to send payment to any part of the world . we can get our payment within no time . so obiously it should be legalised as soon as possible in our country .
To me bitcoin should be legalized as we all are planning to make India digital. Also to compete with all major developed and developing countries this step should be taken else we will move one step back. Government may keep track on crypto currencies wallets to avoid misuses and terrorist activities and also for tax payable income for development of your country so that we become the no. 1 country in the world. Being a country with majority of youth, bitcoin should be legalized.