Whats is Bitcoin
As source of Wikipedia Bitcoin is a decentralized digital currency, And this currency not having any a central bank regulation or single administrator for rules and regulations for his activity, this currency can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Latest news on Cryptocurrency in India
India is going to plan to introduce a new bill to ban all private cryptocurrencies and this will be after the government announced that it may introducing in new financial regulation bill. And The bill is that “prohibit all private cryptocurrencies in India” is among 26 pieces of legislation planned to be brought to Parliament in the session beginning next week, according to a Lok Sabha release
PM Modi had warned
As PM Modi was Addressing an event last week, between the world’s democracies to ensure
cryptocurrencies like Bitcoin do not “end up in the wrong hands”.
“Nations should recognise national rights and at the same time promote trade, investment and larger public good. Take crypto-currency or bitcoin for example. It is important that all democratic nations work together on this and ensure it does not end up in wrong hands, which can spoil our youth,” PM Modi had said at the event.
list of cryptocurrency in india
latest news on cryptocurrency in india
India is planning to bans on all private cryptocurrency including Bitcoin
What will happen to Bitcoin user after bans cryptocurrency
May after ban bitcoin will not legal currency to keep for investment and they might get in trouble so bitcoin user may need to do take some action before get bans
cryptocurrency in india legal
Till now cryptocurrency in india is not legal
Bitcoin Price in India
Till today it was 42,31,419.54 INR
Supreme Court judgement on Crypto
In the year 2018, RBI had prohibited banks, Non Banking Financial Companies (NBFCs) and payment systems regulated by it, from facilitating financial transactions for entities related to cryptocurrencies. However, this was quashed by the Hon’ble Supreme Court of India in March 2020
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