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What's the govt's stand, legal status, its future.
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Cryptocurrency sceptics say there is good reason to believe that governments around the world will eventually ban all cryptocurrencies. During the last few days, cryptocurrencies have made headlines for their escalating prices. Further probable scenarios for future of india's crypto market the government might reinstate its stand on crypto and might want to take a smarter step by regulating crypto exchanges through licensing. The future of cryptocurrencies in india updated on apr 09, 2020 one can argue that while satoshi nakamoto invented bitcoin, it is india that may well be the first country to entrench its credibility as an alternative monetary system. The prices of bitcoin and ethereum have tremendously grown.
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The prices of bitcoin and ethereum have tremendously grown.
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The future of cryptocurrency in india. The central government recently revealed that it will introduce a new bill on cryptocurrencies. Regulating virtual coin trade instead of a complete ban could be the preferred choice of the government in view of the evolving circumstances. The reserve bank of india is specialised in dealing with the trade of cryptocurrency in india but the supreme court has introduced some restrictions to it as well. This will also help in recovery.
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The first cryptocurrency, bitcoin was invented by 'satoshi nakamoto' in 2009.
During the last few days, cryptocurrencies have made headlines for their escalating prices. While the reality and broad consensus is banning won't prevent users from dealing in the same but will become more difficult if users get defrauded. This may mean that regulation might be an option in the future of cryptocurrency investors in india. Many industries have benefited due to the advancement of technologies, and perhaps the greatest beneficiary of all is the financial sector. Cryptocurrency sceptics say there is good reason to believe that governments around the world will eventually ban all cryptocurrencies. The future of cryptocurrencies in india, thus, still hangs in the balance. The future of cryptocurrencies in india updated on apr 09, 2020 one can argue that while satoshi nakamoto invented bitcoin, it is india that may well be the first country to entrench its credibility as an alternative monetary system. The central government recently revealed that it will introduce a new bill on cryptocurrencies. The invention of cryptocurrency allow ed user to user transactions without the need of intermediary institutions. The demonetization left the country with 86% of the cash in the denominations 500 and 1000 invalidated of its value, and people started to look for the new or diverse form of. Despite the continuous volatility, approximately $1 billion has been invested in the digital currency market. Also read | rbi clarification on bitcoin and cryto trading, here are 5 key takeaways No body knows whether this satoshi nakamoto is a woman or man or a group of persons.
