Slow, but not steady: India’s stance on Bitcoin and crypto is evolving

Slow, but not steady: India’s stance on Bitcoin and crypto is evolving
фото показано с : cointelegraph.com

2021-6-30 15:07

India’s regulatory stance on crypto has been shaky at best and prejudiced at worst, but what is India actually doing about crypto?

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Фото:

They Might Be Anti Crypto, But The Blockchain Is Still Sought After In India

India is a nation now known for its anti-cryptocurrency stance, yet they are still fostering a very positive attitude towards blockchain technology. I must note that in India, the people are very much pro crypto, but the Indian central bank, The Reserve Bank of India are very much against crypto, making moves to essentially ban cryptocurrency in the country.

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Government of India to Recognize Crypto as a Payment Method, Experts Optimistic

Cryptocurrencies have found an unlikely ally in their quest to become legalized in India, following intense legal battles between companies, consumers, and the Reserve Bank of India. The recommendation to legalize crypto comes from the law commission of India, as they are a vital part of their case against a blanket ban on sports betting.

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