Crypto Market is legal in India.

[Muneeb22]

Future of the crypto market is so much bright becasue India make a great decision that they legal the crypto market in their country and i hope soon the other countries will legal it.

[Fenix]

Future of the crypto market is so much bright becasue India make a great decision that they legal the crypto market in their country and i hope soon the other countries will legal it.

This is a false statement. The Reserve Bank of India did not prohibit the cryptocurrency circulation in April 2018. This was an order to the financial institutions of the country not to provide any services in cryptocurrency. Cryptocurrency circulation was not prohibited. Now this restriction has been lifted and India has remained among the states where the cryptocurrency is not legalized and is not regulated in any way. Moreover, a special commission created by the Government of India last year came to the conclusion that cryptocurrency should be completely banned and set a ten-year prison term for those who violate this ban. Therefore, while other states have nothing to learn in India.

[Istiak]

It will be more bright if Bangladesh joins too. They also have a very large population and a neighboring country of India. Their economy is also good and lots of people already working in IT sectors and a lot of them involved in crypto too. I hope their GOVT will also make the right decision.

[Uina]

For me India un-banning the use of crypto is still good news because this could trigger other countries to see the good side of using cryptocurrency especially Bitcoin and who knows they will also follow through. I think there were three countries unbanning crypto recently and one was South Korea as far as I know. If only there wasn't an issue with the virus, I think everyone will be aware about some countries un-banning Bitcoin.

[DogeTalk]

Good news to make crypto prices rise. I'm sure with this news other countries will also follow the same thing as India which legalizes crypto. Crypto will be more popular and used in the future

[Nestle]

The beginnings that made crypto increasingly popular as an investment for the future of crypto. With so many countries accepting crypto as a real currency, crypto is easily recognized and used throughout the country.

[Senin]

After the Supreme Court of India recognized the restriction of the Reserve Bank of India regarding cryptocurrency as unconstitutional, now India refers to the states where there is no regulation of cryptocurrency and where it has not yet been legalized. In this country, the government has a very controversial attitude to cryptocurrency and therefore it is difficult to say which path will be chosen for it in the future. Let's hope that the positive processes that occur in relation to cryptocurrency around the world will play a decisive role in its legalization.