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◆Pointing out that transaction with crypto currency could “encourage illegal transactions” in the country, the RBI has told the Supreme Court that a committee has been set up by the Centre to go into its eventual validity.
◆We have already issued a circular prohibiting use of these virtual currencies”, senior advocate Shyam Divan who appeared for the RBI told a bench of chief justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud on Friday.
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◆Bitcoin is a digital currency that allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties. “It is submitted that money used to buy Bitcoin (crypto money) from foreign locations .
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You know what my friend, It would be better if RBI can announce crypto exchange legal in India. Because we Indians would like to be a part of big revolution.
We all Indians want crypto to be legal so that we can trade freely .
Yes Absolutely.
Thanks for sharing
How Cool!
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