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Learning & News => News related to Crypto => Topic started by: newshunter on January 24, 2020, 01:04:24 AM

Title: India Central Bank Says It Hasn’t Banned Crypto
Post by: newshunter on January 24, 2020, 01:04:24 AM

India Central Bank Says It Hasn’t Banned Crypto

The Reserve Bank of India (RBI) says it has not banned cryptocurrency usage — only the regulated avenues leading to it

Source: India Central Bank Says It Hasn’t Banned Crypto (https://cointelegraph.com/news/india-central-bank-says-it-hasnt-banned-crypto)

Would appreciate your opinion about this

Title: Re: India Central Bank Says It Hasn’t Banned Crypto
Post by: Senin on January 24, 2020, 05:48:05 AM

Such a statement was made in court, which considers the constitutionality of the order of this central bank of India to not serve the financial institutions of the country and provide any support to cryptocurrency exchanges and exchangers, as a result of which almost all of them were forced to close. Yes, the Reserve Bank of India did not directly prohibit the cryptocurrency circulation, however, such an order actually made cryptocurrency circulation very difficult and therefore such actions of this bank should be considered illegal, as they violate the principle of freedom of entrepreneurial activity.