Indian Government to Recommend Bitcoin Regulation Within 6 Months
"The Indian government will meet to discuss the regulatory framework of Bitcoin and other digital currencies next week, according to a local publication. Bitcoin.com talked with India’s leading bitcoin exchanges to find out what to really expect from the meeting."
"Sathvik Vishwanath, CEO and co-founder of a leading bitcoin exchange in India, Unocoin, told :Now is the committee’s turn to churn out the comments from stakeholders in the Bitcoin industry and comments from the general public, refer to the present laws and regulation, and finally propose the steps forward."
"Co-founder of the leading Indian bitcoin exchange Zebpay, Sandeep Goenka, concurs about the government’s next step. He told :They are setting up a task force which will take 6 months to come up with recommendations."
This goes hand in hand with India' war on cash. The government simply wants all the money it can get in taxes and it wants all Indians to be bio-metrically chipped to keep 100% track of everyone.
Indians need to fight for their freedom now, before it is too late.
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