In its recent months, Indian officials have publicly said that the government does not legally recognize Bitcoin as a tender. Although a panel was created last year to study the possible rules, its conclusions or any proposal has not been released, the news is renewed worried that India is moving forward to impose a full ban on cryptocurrencies. . According to the Indian Business Newspaper Financial Express,
RBI Governor BP Kanungo told reporters on Thursday that the specified time would be three months. It has been published on Twitter according to a statement Pocketbits has argued that the exchanges in the country have already been cut off from banking access to a large extent. This has reduced the importance of this step by at least one cryptocurrency exchange in India.
