What crypto currency traders should do after RBI's dik'tät
What crypto currency traders should do after RBI's dik'tät
According to RBI guidelines, investing in Bitcoin can be fatal after April 5, 2018.
The RBI has said that investment in bitcoin and other crypto currency is equal to gambling and if you do so, then it is illegal and you may have to face heavy losses.
If you can be a victim of fraud, then you will be responsible for yourself, because no court has ever been appointed to solve such disputes in India.
Government of India also decided to close the crypto
RBI is constantly warning the Indian nationals that you do not invest in bitcoins, do not invest in crypto currency, this can lead to huge losses. Many people are victims of fraud. You may be losing your hard earned money
So do not do that.
The RBI has also banned the banks which were supporting the crypto currency.
And income tax said that the notice has been issued to those people who have been making big investments in Bitcoin or Crypto currency or are doing.
So be careful if you do this, then you are also under the scope of doubt.
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Bitcoin should not be banned ....
nice blog
it's old news.. cryptocurrency hasn't been stopped, but just the INR transaction (deposit/withdrawals in RBI approved banks) has been stopped.. Peer to peer hasn't been stopped nor it can be stopped. It will be regulated after some time for sure, as no one can stop it
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