Tuesday, 20 June 2017

Bitcoin Legal or Ban in India?

The news breaks out recently that the committee established to make a report on digital currency will be submitting their examined report soon in July.

In March the Indian government took the decision to form a panel including officials from the finance ministry, the ministry of technology, NITI Aayog, Reserve Bank of India and State Bank of India. The report is about to complete and will be submitted soon. The meeting was going to hold regarding the Bitcoin on Monday but postponed due to some reasons.

The government official form panel told in his statement that:
“We have had five meetings and have consulted all ministries, public, stakeholders (bitcoin exchanges). We will submit the report by July-end.”
The committee had done a thorough examine regarding the Bitcoin in India and globally. The authority also said that they are still thinking about the issue of legalizing Bitcoin in India. But the decision of banning bitcoin could also not be easy. The decision would make great changes for bitcoin users and Bitcoin exchange in India.

The best bitcoin exchange in INdia, who are the member of the (Digital Asset and Blockchain Foundation of India) DABFI such as BItxox, Unocoin, and Zebpay has also given their entire support in providing the knowledge and understanding the technology to government. With the spreading awareness of digital currency bitcoin among the people.

If the bitcoin got legal in the country the people may get the best bitcoin rate in India. The bitcoin exchange in India can provide the services to their customers with no hassle. The buy and sell bitcoin in India graph can also be increased with the decision depending on the Indian government.

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