Topic: Crypto currency in india (Read 331 times)
Yes
They have already stated that crypto currencies are impossible to "ban". So the most they can do is regulate them and imply income tax on the gains, which is fine by me.
Having it banned will cause a black market formation, which again will be flooded with high volumes of illegal trade where the greed for profit never stops.This looks to be the right move to make it neither legal nor illegal in the current scenario.
They have already stated that crypto currencies are impossible to "ban". So the most they can do is regulate them and imply income tax on the gains, which is fine by me.
I don't think the steps will be in against of the Cryptocurrency. Why would the government do so ??
RBI and Govt formed Inter Government constitutes an Inter- Disciplinary Committee
Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies.
The Committee to submit its report within three months
http://pib.nic.in/newsite/PrintRelease.aspx?relid=160923
Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies.
The Committee to submit its report within three months
http://pib.nic.in/newsite/PrintRelease.aspx?relid=160923
In recent times the government has warned against the use of btc or said to do it as per one risk. This can be a cautious approach from government side by stating that they had already warned people against it. This can go in both way as they can even ban it because they have already warned its users.
RBI and Govt formed Inter Government constitutes an Inter- Disciplinary Committee
Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies.
The Committee to submit its report within three months
http://pib.nic.in/newsite/PrintRelease.aspx?relid=160923
Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies.
The Committee to submit its report within three months
http://pib.nic.in/newsite/PrintRelease.aspx?relid=160923
Why steps only "against"? Why not steps to sensibly regulate and tax it?
This is only to check the view point of the public as a whole
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