Why RBI Imposed a BAN of CRYPTOCURRENCY ?
Because they do not want virtual currency trade in India as they think it will adversely affect the banking system of India.
RBI also gave the statement that cryptocurrencies lacks intrinsic value and are not safe .
ARE CRYPTOCURRENCIES UNCONSTITUTIONAL ACCORDING TO RBI ?
There are no such laws in Indian Constitution which claims trading , mining or sending bitcoins as a illegal process.
There are almost 5 millions users who are working in crypto field.
A BAN on bitcoin trading was imposed by RBI years before in India but it was lifted off on march 2020 and bitcoins was declared completely legal .
If there is a clean path from RBI now , Do you think bitcoins and crypto activities are soon going to start in India at a huge level ?
Because they do not want virtual currency trade in India as they think it will adversely affect the banking system of India.
RBI also gave the statement that cryptocurrencies lacks intrinsic value and are not safe .
ARE CRYPTOCURRENCIES UNCONSTITUTIONAL ACCORDING TO RBI ?
There are no such laws in Indian Constitution which claims trading , mining or sending bitcoins as a illegal process.
There are almost 5 millions users who are working in crypto field.
A BAN on bitcoin trading was imposed by RBI years before in India but it was lifted off on march 2020 and bitcoins was declared completely legal .
If there is a clean path from RBI now , Do you think bitcoins and crypto activities are soon going to start in India at a huge level ?