Bitcoin Now Open To 1.38 Billion People In India As RBI Clarifies Stance On Cryp

[rasangaya]

Bitcoin Now Open To 1.38 Billion People In India As RBI Clarifies Stance On Crypto






India’s Supreme Court lifted the infamous bitcoin ban sometime in March this year. This ban had been imposed by the Reserve Bank of India (RBI), restricting banks from servicing crypto-related businesses in the country. Despite the Supreme Court’s ruling, the country was still plagued with uncertainty as some banks still refused to offer their services to crypto businesses.

However, RBI has recently clarified its stance on bitcoin trading in the country, citing that there are no restrictions barring banks from extending banking services to crypto traders and/or crypto businesses.

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[Senin]

Unfortunately, in India, everything is still not good, but regarding the legalization and use of cryptocurrency. In this country, there are still no rules governing its circulation. Meanwhile, there was information that the government of India could completely prohibit its circulation. This, of course, would be a stupid step, however, nevertheless, we need to observe the further development of events in this country.