Hello friends

A very happy Sunday to all of you. I am fine and I hope you people are doing fantastic and enjoying Sunday.

Today in this force I want to talk about some positive in cryptocurrency and blockchain.
Currently Bitcoin price is approx USD 5800 and it is expected to go up looking at the current market scenario. Everybody is hoping that market will recover and in coming months we can see more spike in the overall price of cryptocurrencies.

img src

---

Apart from this market going up there are many good things happening around the world in cryptocurrency and blockchain. Last week monetary authority of Singapore has shown positive interest in blockchain. As per them blockchain have potential to strengthen current cross-border payment system and this is indeed a great news for the blockchain. Apart from this last week in Singapore there wallet transaction by the bank for transfer of digital currency between Singapore and Canada. This time was successfully carried out so we can hope that it will be implemented in coming future.

---

In India currently government is not clear with their stand whether they are in favour of it or they are against it. But recently one of the famous advocate said to media that any income in cryptocurrency is legal. Any person in India money earning using cryptocurrency or digital currency then it is legit. The person need to declare this earning in tax filing. Currently in India elections are going on and another government will be formed by end of this month so we can expect the next hearing which is scheduled on July can bring some positive news.

Link for cryptocurrency news update in India

---

if you are a Crypto trader or a Crypto holder in India then you need not to worry. You can keep trading using peer-to-peer options in various exchanges and for the holder they can keep their holding as it is. There was rumour last week that government is going to Ban cryptocurrency is created any small FUD in the community but later it was confirmed that it's just a rumour and we should not be worried about it.

Even in India some banks are working on blockchain technology and they are exploring options to use this technology to take their existing payment system to next level so we can be positive about it and keep working the way we have been doing with it.

---

Thank you so much for reading this post of mine and I appreciate your time.

Thanks to @esteem app for encouraging users in Steem platform.