Powered by WPeMatico
Category: BACC
Auto Added by WPeMatico
Bitcoin Trade Drops in India Amid Uncertainty and Clampdown
Regulatory pressures and a broadening bank clampdown have seriously affected cryptocurrency exchanges in India. Their representatives claim bitcoin trading has dropped as much as 90 percent in the last two months. Cryptos are not considered legal tender in the country and authorities have demonstrated a negative attitude towards their use. At the same time, leading […]
The post Bitcoin Trade Drops in India Amid Uncertainty and Clampdown appeared first on Bitcoin News.
Powered by WPeMatico
Indian Cryptocurrency Exchanges Plan to Maintain Shared User Database
Indian cryptocurrency exchanges are reportedly planning to create a database of crypto traders and their transactions. User account data would be tied to either an Aadhaar ID or a Permanent Account Number. This proposal comes amidst the Indian government actively working on crypto regulations. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies […]
The post Indian Cryptocurrency Exchanges Plan to Maintain Shared User Database appeared first on Bitcoin News.
Powered by WPeMatico
Roles of Regulators Decided in India, Rules on Bitcoin Coming Soon
India will soon have its own rules on bitcoin. The responsibilities of various regulators have been determined, a high-ranking official revealed. Relevant institutions are currently finalizing a comprehensive government policy on cryptocurrencies. Representatives of the Indian crypto community, meanwhile, have quashed fears of an imminent ban. Also read: No Strong Case to Ban Crypto Trading, […]
The post Roles of Regulators Decided in India, Rules on Bitcoin Coming Soon appeared first on Bitcoin News.
Powered by WPeMatico