In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.
By itself, the control of the crypto currency is a normal phenomenon, and gradually all states follow it. However, control is also different. There is control on the verge of prohibition, and sometimes it is loyal, as in Japan. The Government of India has so far urged its citizens to be cautious about the crypto currency and remember the existence of large risks, but did not intend to limit or prohibit.
Still, this is better step taken by Indian government regarding bitcoins. It seems they are concerned about better economical states of their country after some years. Like now, they have ordered and informed their citizens who are using bitcoins for any reason, to be attentive while dealing in bitcoins. They have shown them the circumstances after being indulged in any criminal activity if they get into.