Indian investors interest in Bitcoin had been noticed by Indian Government. They are eyeing over investments made into Crypto Currency. It is believed that Crypto currency is being used to consume black money and money laundering. The panel formed by the Supreme court of India have shown their concerns over Crypto currency. S.I.T have suggested to ban trading of Crypto currency in India.
Source: Hindustan times of India
According to the reports govt is suspicious over the financial operation in crypto currency. There is a perception of black money being routed through Crypto. Panel is going to submit report with in a month. Policy makers are concentrating over this now.Income tax department and fores department are investigating investments made in crypto during the time of demonetisation in India. R.B.I even issued a warning in February in this regard.
All this s going to spread nervousness in Indian Crypto traders and they will soon be in dilemma.
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Anything that has the potential to change the world comes with great power and can be used as good or better both...
If we think internet is only being used for good then we are wrong...
So chill... There is more good than bad in #bitcoin and in #cryptocurrencies
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You are right @bunnychum but unfortunately we cannot completely ignore what all is going on in our surroundings, specially when Indian Government is planning take necessary actions too.
Thanks for sharing the information @honeychum
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I agree
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@originalworks
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if it is forbidden, a bad dream.
May the Indian government wisely in making decisions.
nice information @honeychum
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Let us pray for good.. @muhajir
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