Indian regulators conduct "research tours" to study cryptocurrencies

[KatrinSmile]

The securities and exchange Board of India organizes working tours to different countries of the world to study cryptocurrencies and ICO. According to the annual report, Indian officials have already visited the UK and Japan.

India plans to learn from the experience of the financial services Agency of Japan, office of financial management and control in the UK and Management oversight of the operations of the financial market of Switzerland. According to the document, the purpose of working trips is “interaction with international regulators and gaining a deep understanding of systems and mechanisms”.

Although the Reserve Bank of India can hardly be called the friendliest Central Bank in the world in relation to cryptocurrencies, he also drew attention to the feasibility of using the regulatory experience of Japan and South Korea in his report for the period 2017-2018.

In April of this year, cryptocurrency enthusiasts and ordinary users from India faced a serious problem: the Reserve Bank banned commercial banks from providing their services to crypto-currency companies, thus cryptocurrencies in India were actually banned. However, times are changing, and proposals to change (if not completely lift) the ban are increasingly being heard from Indian officials.

[NervousWolf]

This absolutely appealing news. This proves that the officials of India are in favor of the crypto currency and so they are trying to gain knowledge regarding this. This is really a positive sign and the market of crypto currency will again do rock the Indian market.

[btcmaster999]

This is really good news for the market of crypto currency and the crypto investors of the India. Now Indian officials are trying to learn about the impact of this crypto currency and I think they will have positive signal about this and such banning will be withdrawn.

[Eurobot]

This is a good news for the people in the Indian market who wants to be associated with crypto. It is also a good thing that the government has shown interest interest to learn more about this market.wn.

[CanyonsBull]

In recent times we are being seeing that many countries and their central banks are getting interested to allow the use of crypto currency. Though Indian central bank hasn’t declared crypto currency as a fair medium of transaction but it is doing research on it and testing its usability.

[rabia_laskor]

It seems they are preparing to come back to the market and this is a step of studying and learning methods. But sure time is changing. Surely they will be back.

[IgorShumilo]

Time is changing, most recently the Indian government has looked negatively at crypto-currencies, but now I think how to properly regulate this sphere. I think China will also not stand aside. They will understand that bitcoin and crypto-currencies can not be completely banned, but you can benefit from the state.

[Rhshahindiana]

Thats a great news, now hopefully all exchanges would be supported by banks for their deposits and withdrawals which were paused. we can definitely see this as a great prospect for the Crypto community of India as well as for the complete Crypto environment

[abbywem]

Do you guys actually believe this bullshit they present to you called news?  Do you think the regulators are really getting down to the nitty gritty and making sure the technology is safe and secure for a great India.  Damn not sure what generation or country you guys are from but this news is all bullshit.  They are trying to figure out how they can remain in power and take over the movement in their country. 

[krenus]

The securities and exchange Board of India organizes working tours to different countries of the world to study cryptocurrencies and ICO. According to the annual report, Indian officials have already visited the UK and Japan.

India plans to learn from the experience of the financial services Agency of Japan, office of financial management and control in the UK and Management oversight of the operations of the financial market of Switzerland. According to the document, the purpose of working trips is “interaction with international regulators and gaining a deep understanding of systems and mechanisms”.

Although the Reserve Bank of India can hardly be called the friendliest Central Bank in the world in relation to cryptocurrencies, he also drew attention to the feasibility of using the regulatory experience of Japan and South Korea in his report for the period 2017-2018.

In April of this year, cryptocurrency enthusiasts and ordinary users from India faced a serious problem: the Reserve Bank banned commercial banks from providing their services to crypto-currency companies, thus cryptocurrencies in India were actually banned. However, times are changing, and proposals to change (if not completely lift) the ban are increasingly being heard from Indian officials.

it is remarkable how many things regarding crypto business happen in India. and i think it'll be usefull in the end, they don't ignore it at least