PSA: No India hasn’t banned Bitcoin — but it’s still talking tough on crypto

[ika497]

Reports of the death of Bitcoin in India have been greatly exaggerated.

On Thursday a budget speech by finance minister Arun Jaitley generated a tsunami of ‘the Bitcoin party is over in India’ headlines, adding to downward pressures on the cryptocurrency.

Safe to say, the truth of the matter is a lot more gray. Yes, Jaitley talked tough on crypto currencies. But no, there was no outright ban — not yet, anyway. The Indian government’s plans for crypto regulation remain unformulated (or at least unstated). It did set up a committee to look into crypto back in April. Which reported in Jaitley in August. But no regulations have been confirmed, leaving rumors to swirl.

read more: https://techcrunch.com/2018/02/03/psa-no-india-hasnt-banned-bitcoin-but-its-still-talking-tough-on-crypto/

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[timozhang]

Many countries have adopted a wait-and-see approach to cryptocurrencies, and it would be foolish to block them.

[ika497]

ya

[steembloggers]

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