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Indian central bank on latest cryptocurrency news today! What's its legal status in india? But it was only much later in 2017 when cryptocurrencies were a booming industry that the government decided to form an expert committee to seek recommendations for its crypto policy. Top indian officials have called cryptocurrency a ponzi scheme, but finance minister nirmala sitharaman this month eased some investor concerns. Latest reports say cryptocurrency may not face a complete ban in india.
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Why cryptocurrency is becoming popular in india?
India is bitcoin's latest buzzkill while the government hasn't yet introduced any restrictions on digital currencies, the threat that it bitcoin news: In april 2018, rbi banned banks and other financial institutions from supporting cryptocurrency transactions, as a result of the news that these digital coins were being. India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told reuters in a potential blow to millions of if the ban becomes law, india would be the first major economy to make holding cryptocurrency illegal. In india, government bodies have discussed the country's stance on cryptocurrencies for years. What does the future hold for cryptocurrency?watch this short video to. Also, stay updated on the latest happenings by watching this space on coinsutra as we are closely monitoring this situation. Hello everyone, cryptocurrency is creating a lot of buzz. Bitcoin and other cryptocurrencies are facing a crackdown from governments international monetary fund (imf) chief christine lagarde is the latest economic chief to wade into the argument, saying cryptocurrency. Why cryptocurrency is becoming popular in india? The indian government's ambivalent attitude towards this asset class is another key risk for investors keen to climb on to this. In april 2018 the government of india banned bitcoin, in 2019 also a notice was served to however, there was some news that the indian government may introduce an indian digital currency that will be same as bitcoin but will be taxed by the indian government. Is cryptocurrency legal in india? However, india has not had a positive stance towards bitcoins and other cryptocurrencies.
