Dear Friends,
Here is GOOD NEWS for all of us,
especially for Indian cryptocurrencies lovers.As we know current status of crypto in India is that we have blanket ban means we can trade crypto but RBI(Reserve Bank of India) has asked all Indian banks to stop all banking services to all individuals or group dealing with crypto after 5 July 2018. Then some crypto exchanges like CoinRecall and other exchanges filed many cases against this ban in the supreme court of India.
Now then we have left with few options like p2p services provided by Wazirx and koinex. For more information please read my earlier post https://steemit.com/bitcoin/@hunny100dev/escrow-peer-to-peer-solution-after-rbi-ban-what-is-escrow. On 20 July18 , there was hearing in the supreme court of India, RBI senior advocate Shyam Divan told apex court that cryptocurrencies must be regulated at earliest. Then apex court extended the matter to be heard on 11 September 18.
Of course, that clearly shows that Indian Government in no mood to ban crypto in India which was speculated earlier by government actions. Govt of India should regulate bitcoin & other cryptos and lift the ban as soon as possible so that all can trade without any issue since as responsible citizen of India it's our duty to pay taxes on crypto earning for which we are ready and have no difficulty & I am very much sure no one here has.
Sooner or later every country in the world has to understand & accept that Bitcoin & Blockchain is Technology of Future.
As early as a country accepts blockchain technology brighter will be it's future.
Future is Blockchain, Blockchain is future.
Finally a good decision seems to be coming from Indian Government, we all should be positive about that.
Please give your views on this news.
Thanks for reading.
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