Post
Topic
Board Economics
Re: Cryptocurrencies have won with court in India – for how long?
by
Kyraishi
on 25/01/2020, 11:23:27 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 was already common knowledge beforehand. I deon't know why anyone would expect otherwise, to be completely honest.

The case is not won, in my opinion, due to the fact that the cause that they should be fighting for is to bring down the restrictions placed on financial intermediaries with regards to transacting with bitcoin related fiat remittance. An acknowledgement of the legality of BTC is clearly not quite enough.

And on this front, don't expect the Indian government to change their tune anytime soon. It is clear that they, alongside the RBI, are not interested in positively regulating cryptos in any shape of form.