Bitcoin to be official in India

londoterra (23)in #bitcoin • 7 years ago

In the last 3 years, Exchanges such as Zebpay, Coinsecure and Unocoin operate as self-regulating platforms despite the lack of regulation in the country.

Today the politicians of the Indian country have decided to regulate this aspect of the commerce with Bitcoin and other Criptomonedas.

And esque a few months ago, exactly April the CEO of Coinsecure, Mohit Kalra told Cointelegraph that the government is taking Bitcoin seriously and is beginning its regulation.

In the words of Mohit Kalra:

"FINALLY, SOMETHING POSITIVE FOR THE INDUSTRY. THE AUTHORITIES ARE TAKING SERIOUSLY THIS TECHNOLOGY. WE HAVE BEEN TRYING TO CALL YOUR ATTENTION FOR YEARS AGO. I REJOICE THAT EVERYTHING IS OCCURRING AT THE APPROPRIATE TIME. IN COINSECURE, WE ARE ATTENDING A MASSIVE INCREASE IN THE NUMBER OF USERS AND VOLUMES. WE ARE POSITIVE WITH WHAT WILL HAPPEN IN THESE NEXT THREE MONTHS "

In recent months Bitcoin's market has started to heat up thanks to the use and regulation in countries like Russia, Japan, Australia, Norway and Mexico.

For this measure the Ministry of Finance of India made up of a group of senior officials from the Department of Economics. Financial services, Reserve Bank of India and even the State Bank of India.

The last update of the initial states indicates

"WE HAVE HAD FIVE MEETINGS, WHERE WE HAVE CONSULTED ALL THE MINISTRIES AND THE INTERESTED PARTIES, SUCH AS THE EXCHANGES ZEBPAY AND UNOCOIN. LET'S PRESENT THE REPORT AT THE END OF JUNE "

According to Chris Burniske, a commercial analyst at Bitcoin, the number of operations in India has increased significantly and represents 10% of Bitcoin's global trade.