Indian Government Invites Law Firm to Present Suggestions for Crypto Regulation

[Johnzky]

So now the government of india is publicly announcing their actions for the betterment of crypto currency issues?atleast the RBI(rural bank of india)will be enlightened and my give opportunities to the whole crypto community to have the benefits this can bring to their people,though i know that the India Government has neutral stand towards crypto

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[sehoon]

Is there anything that we should worry about? For me, as long as bitcoin can still be used with fairness, there shouldn't be any problem. And this should be a good step for cryptocurrency to its legalization. Or even though this is not a step for legalization, as long as we can use it with regulation, there is no problem for me.

[marcous]

but in my country, it has legalized bitcoin and cryptocurrency because crypto assets have developed wide in society and a commodity which deserves to be the subject of the Contract Futures traded on the Commodity Futures exchange. Hopefully, this is a good start for crypto and the price is better than 2017. The rising and stable prices are certain desires of all traders or investors.

[SIDDHI777]

Indian concern about bitcoin is great and if they make a low frame work by considering both sides such as bitcoin users and there economical ethics fairly it can definitely do good to everyone for the country and the crypto world because India is a large country in the world with a big population and there lows and decisions can really make a big change to the bitcoin market and if they adopt bitcoin into there economical structure I think it can easily up lift there financial situation as a country

[adzino]

This steps has its own pros and cons itself. Regulation is just a more polite and fancy term to say "lets take control of the peoples bitcoin and limit their financial freedom they got form using cryptocurrencies". The more regulation, the more control they bring over the people of the country. On the other hand, they will be able to use cryptocurrenices legally and their transactions will be made easier.

[romero121]

This is much awaited by countries around the globe, and this is truly a positive response from the government of India. As India has got a big consumer market the entire world has got an eye over India. Probably if bitcoin usage is legalized surely lot of people and businesses promote the cryptocurrency services throughout the country and the same will cause price pumping it seems.