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India Changing Stance On Cryptocurrency

Ramsey Baker

Summary: India maybe be shifting their focus from eliminating cryptocurrency to embracing it according to an article by Quartz. A report from the finance ministry may have swayed the once harsh opinions. It wasn’t long ago that the country’s central bank barred banks from dealing with any sort of crypto exchanges. Just a few months back ...

India maybe be shifting their focus from eliminating cryptocurrency to embracing it according to an article by Quartz.

A report from the finance ministry may have swayed the once harsh opinions. It wasn’t long ago that the country’s central bank barred banks from dealing with any sort of crypto exchanges. Just a few months back In July an inter-ministerial panel led by one of the countries top bureaucrat Subhash Chandra Garg recommended the jailing of anyone involved with virtual currency.

If countries like India can be wooed by the ideas of blockchain technology then the future for cryptocurrency might be brighter than ever

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