By Dujas - 02.03.2020
Bitcoin legal in india 2020
idtovar.ru › mystory › bitcoin-legal-indiaeverything-need-know. JP Morgan says bitcoin's surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency. In a note, the financial.
Jun bitcoin legal in india 2020,IST Representational image.
Unsplash The Indian government is inching closer to banning cryptocurrenciesafter the Supreme Court junked a circular issued by the Reserve Bank of Bitcoin legal in india 2020 legal in india 2020 banning cryptocurrencies. However, cryptocurrency companies remain cautiously optimistic, stating that India will 2020 september top cryptocurrency follow developed countries in accepting crypto.
Inan inter-ministerial committee report recommended a ban and advocated fines and penalties on anyone trading in cryptocurrencies.
A little over two months after the Supreme Court quashed a circular issued by the Reserve Bank of India banning banks from cryptocurrency trading, the Finance ministry has reportedly passed a bitcoin legal in india 2020 cabinet note that seeks to set up a legal framework for banning cryptocurrencies in India.
According to the report, the cabinet note has been shared with bitcoin legal in india 2020 ministries for their consideration.
This was welcomed by cryptocurrency companies — industry body NASSCOM welcomed the decision, saying that a framework is ethereum 2020 to monitor cryptocurrencies. While bitcoin legal in india 2020 of the likely ban could disappoint cryptocurrency fans, companies remain cautiously optimistic about it.
Cryptocurrencies like Bitcoin are either banned or restricted in several countries around the world. Inan inter-ministerial committee report recommended banning cryptocurrencies. The report even suggested fines and penalties on anyone bitcoin legal in bitcoin legal in india 2020 2020 on crypto activities in the country.
The reasoning used by the committee was that cryptocurrencies are volatile and allowing them could lead to the rise of an alternative currency within the country.
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