In India, they can remove restrictions on operations with crypto-currencies

in #bitcoin7 years ago

The restrictions imposed by the Reserve Bank of India on operations with digital assets can be lifted in the near future. This is reported by The Economic Times.
As the newspaper notes, a special government commission opposed the ban on crypto currency in the country. In general, the Indian authorities can resolve the circulation of the Crypto-currency, but "with some reservations."

1.jpg

Related to the crypto-currencies, companies affected by the decision of the Indian central bank, intend to challenge it in the Supreme Court on July 20.

"They issued this ban, which has colossal consequences, without any investigation, and it looks like a very superficial solution. There are other countries where there are also doubts about such currencies, but none of them introduces prohibitions, "said Nischal Shetty, head of the Indian WizirX exchange.

Thus, the government group and a number of crypto-currency companies do not support the decision of the Reserve Bank of India, because they are convinced that it was accepted without any research of the industry. In turn, the representatives of the Central Bank still could not clearly explain why they blocked bank accounts of crypto-exchange exchanges.

Sort:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://usacommercedaily.com/2018/06/13/govt-of-india-plans-to-remove-restrictions-on-operations-of-cryptocurrencies/

This post has received a 0.28 % upvote from @drotto thanks to: @yadyasir.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by yadyasir from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.