Post
Topic
Board Economics
Re: Cryptocurrencies have won with court in India – for how long?
by
Juggy777
on 24/01/2020, 10:14:58 UTC
After a stressful and fearful trial at the Indian Supreme Court, India officially admitted that Bitcoins and other cryptographic assets are not illegal..

Read the full article on https://blocktoq.com/crypto-news/cryptocurrencies-have-won-with-court-in-india-for-how-long/

This judgement is not helpful because it fails to direct banks to accept money arising from the sale or purchase of bitcoins. Secondly it doesn’t even clarify how one will show bitcoins in their tax files, therefore people will not be keen to buy bitcoins without getting more clarity.