Post
Topic
Board Bitcoin Discussion
Re: RBI WILL ACCEPT BITCOIN?
by
htmcoin
on 04/02/2018, 08:35:42 UTC
Will RBI Approve BTC?
As I understand it, the Reserve Bank of India (RBI) issued a public notice warning users away from digital currencies that it made it clear that the lack of regulatory approval in the Bitcoin exchange in India left the local exchange shortly after operation but that was not over. Within 48 hours of the RBI's notification, Indian Law Enforcement (ED) raided at least two Bitcoin exchanges, buysellbitco.in and rbi.rbit.co.in,investigators whether any transaction carried out in violation of the Foreign Exchange Management Act and anti-money laundering law in determining the owner of two websites.