While the government has not made an official announcement whether it will ban or regulate crypto, legal expertsThey explained that the government’s cryptocurrency legislation will have to be balanced. This will not only ensure that investors will not be hurt but also prevent crypto from growing uncontrollably, which could threaten India’s foreign exchange reserves and disrupt its economy.The government is viewing cryptocurrencies as investment instruments and plans to regulate them.
Narayanan also explained that it would be challenging for regulators to stop Indians from sending crypto payments overseas, elaborating:
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the problem could be easily solved just by working with popular exchanges like Bitfinex
I hope India will follow El Salvador’s example. It would be really nice If I could spend BTC that I holding on bfx.
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Or find ways to centralize cryptocurrency
Balanced to the good I hope
You can’t ban crypto. We all should understand that.
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we should think the opposite is thanks to the virtual currency market. usd is pumped in and the value of usd will go up and then btc will crash
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I think that more and more people will invest in cryptocurrency in the future, and I think a law should be implemented.
Bitcoin is raising or not?
fake news
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Of course, it's too late to ban the crypt, it's almost impossible
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👀 you can ban it... doesn't mean people still cant access it.
Someday they will be convinced that it is pointless to fight USDT
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are they gonna do it like people dont have internet? there are always ways to get usdt and coins without their opinion
Právní experti říkají, že na zákaz kryptoměny v Indii je příliš pozdě, přestože centrální banka Reserve Bank of India (RBI) požaduje úplný zákaz kryptoměn. No vidíš. Tak se omlouvám za včerejšek.
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Banning crypto just eliminates wealth opportunities for any population and is guaranteed to lose governments elections
India want crypto currency✌️🙏
The central bank is in agony. They rush about like animals before they die. I think banning crypto currency won't solve the problems. I trade on Bitfinex and I want it to be allowed anywhere in the world.
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This is the news I have been waiting for. gg
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Banks hate crypto. That's why many people already keep their money on finex instead of a bank.
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They already said they’re not going to ban it, they’re going to tegulate it. Or are they jumping in the China ban wagon.
Rings on Uquid are made of many materials. You guys can refer to it.
they need vege crypto,
where were you when they banned BTC in China?
Yes. Crypto already cant be baned. People will find a way to trade on finex and other platforms.
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