This topic describes the current status of cryptocurrency in India. India govt already declared that bitcoin or cryptocurrency trading banned in India, but have a strong focus on blockchain technology.That’s why NASSCOM (National Association of Software and Services Companies) has tied up with BRI(Blockchain Research Institute) which is backed by Canadian Govt. to learn and develop more about blockchain technology and how it can be used it in academic, health, enterprise and Govt. sector.A MoU has been signed between NASSCOM and BRI which planned to establish a Centre of Excellence in India to provide high-end technology capabilities, expertise, leadership to explore the adoption of the blockchain.
If India Govt. has banned the exchanges then I hope the exchanges will shift to other countries and operate from there.the existing customer can operate from same exchanges and no extra tax need to pay to the government.but govt. will regulate the exchanges not going to ban it as I thought the same.
Ripple has recently is releasing two new white papers for peer review-one for is releasing two new white papers for peer review and other for outlining a way to improve the diversity of connections of each node, the software users run to relay and verify transactions on the network.
Indian bank Indusland bank recently tie-up with ripple, another Brazilian bank Itaú Unibanco also tie-up with ripple. This is not the end three remittance also
Plan to use ripple product for the cross-border transaction.
Now the ripple price is down because some negative news is in the market such as South Korea govt. still saying that no anonymous trading will be entertain.
UK govt may impose regulation on cryptocurrency.Swiss govt. have an eye on new ICO, French govt. also going to introduce some regulation on cryptocurrency.
All these news indicate that no govt. wants to ban crypto rather they want to regulate it, India govt is thinking in the same line.So, I hope we no need to worry about it and the bill will be discussed in parliament and if realize then some law may come.
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Govt. bill on Cryptocurrency: https://www.youtube.com/watch?v=8PHBfM0nrAo
Bitcoin Back: good news from the US: https://www.youtube.com/watch?v=rjNw7bU-gnc
India Govt Put into jail for Bitcoin trading:
https://www.youtube.com/watch?v=2lAliJMHjO8
EXCITING NEWS FOR BITCOIN! FUD VS REAL NEWS!: https://www.youtube.com/watch?v=j95LP-lxoJ8
Budget2018: https://www.youtube.com/watch?v=19DXkptP77c
Top7 alt coin: https://www.youtube.com/watch?v=BvVCjF8mAA4
Bitcoin $100000: https://www.youtube.com/watch?v=ED-JZoPvMTM
**DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. Cryptocurrency trading & mining is a risky business, We do not guarantee any profit and earning from Bitcoin & other cryptocurrencies. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing. we will not responsible for any loss.
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