Post
Topic
Board Bitcoin Discussion
Re: what is the main reason for india to ban cryptocurrency
by
InterFinex_JB
on 10/07/2018, 08:47:26 UTC
I don't think India cryptocurrency is illegal in India.  In a recent article from Forbes, Ajeet Khurana, head of the Blockchain and Cryptocurrency Committee (BACC) of Internet and Mobile Association of India (IAMAI) said the cryptocurrency was even mentioned in India's national budget. Here's what he said, “I recognized that it was a step in the right direction. Having the finance minister say that cryptocurrency isn’t legal tender is perfectly logical –-- every nation barring Japan has taken this stance. It doesn’t mean crypto trading is illegal, but comes with its own risks like any other investment asset in the market.”

Read the full article here:
https://www.forbes.com/sites/sindhujabalaji/2018/02/06/india-is-not-banning-cryptocurrency-heres-what-it-is-doing-instead/#1273b9587c6f

Hope this clears out the misconception. Smiley