Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin in India
by
SomeJasonGuy
on 11/09/2020, 07:01:25 UTC
⭐ Merited by notblox1 (1)
The sentiment in India is largely negative about bitcoin considering the RBI's stance, trading ban and subsequent lifting of the ban by the supreme court.
Most people are agnostic and have no clue about Bitcoin in india so they tend to avoid it. As a currency, however, it is technically illegal so maybe that's why the negative outlook.

Here's an article that'll give you an overview of the situation:
https://m.economictimes.com/markets/stocks/news/sc-allows-trade-in-cryptocurrency-quashes-rbi-curb-on-use/articleshow/74470078.cms#:~:text=The%20Reserve%20Bank%20of%20India,dealing%20with%20or%20settling%20those

Video:
https://economictimes.indiatimes.com/markets/stocks/news/sc-lifts-curbs-on-use-of-cryptocurrency-rbi-circular-declared-unreasonable/videoshow/74470928.cms