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[Blaka]

In India the rules about cryptocurrencies have been changing. The Reserve Bank of India used to say that banks and financial institutions couldn't deal with cryptocurrencies in 2018. But in March 2020, the Supreme Court of India said that the ban by RBI was too much and lifted it. These means that cryptocurrency exchange could start working again, and people could use them for electronic money transactions.

Even though the ban is lifted the Indian government is still talking about what rules to make for cryptocurrencies. They're thinking about making new laws to control how digital currencies are used. The rule might change, so is a good idea to keep an eye out for the latest news on cryptocurrency regulations in India.

 

[Crystal247]

In India the rules about cryptocurrencies have been changing. The Reserve Bank of India used to say that banks and financial institutions couldn't deal with cryptocurrencies in 2018. But in March 2020, the Supreme Court of India said that the ban by RBI was too much and lifted it. These means that cryptocurrency exchange could start working again, and people could use them for electronic money transactions.

Even though the ban is lifted the Indian government is still talking about what rules to make for cryptocurrencies. They're thinking about making new laws to control how digital currencies are used. The rule might change, so is a good idea to keep an eye out for the latest news on cryptocurrency regulations in India.

That's a great news, I believe a lot of people are actually benefited through the use of cryptocurrency, that's why government decided to lifted up the restrictions, cryptocurrency can contribute to the growth of economic in a country.

 

[IB DD]

With the way it stands now, with no clear cut rules or policy framework about crypto, EMIs are skeptical about integrating crypto into their operations. So for now, crypto operations are done by specialized crypto exchanges.

 

[Deyiang]

that is so impressive India has a very large population and it is good that the government look into this crypto currency very well. i know if there are rules to guide people then the people will behave appropriately.
We should see cryptocurrency as not means of making life easier for people it is a welcome develpoment to the people of india