Topic: Does RBI softening their stance with bitcoin? - page 2. (Read 211 times)
RBI is looking for options on how to take cryptocurrencies to the public the main reason behind this is Rbi will use blockchain so before using blockchain they want to regulate the crypto currencies in india
sooner or later crypto industry will win this trial, and people will choose crypto Because more useful, and do not necessarily have to walk to the bank to take money or send money,
I am sure in the future the bank will lose out with cryptocurrency
I am sure in the future the bank will lose out with cryptocurrency
This was always the smart decision which unfortunately they wen against. Now they realized what they did was a wrong step, now they are lifting the ban and regulating crypto.
This is the magic of Bitcoin. Day by day every countries who banned cryptocurrency are softening their stance. I think bitcoin will legalized all over the world the soon.
So far, all the speculations are with BTC getting allowed by the supreme court of India. Though, RBI banned it at the first place, but recent events are looking like RBI has been forced to change their mind as drafts have been made on the framework of regulations surrounding Bitcoin. Seems, like it is a matter of time now for Bitcoin to be allowed in India.
As CCN reported last week, India’s Supreme Court finalized a September date as the final hearing from the crypto industry petitioning against the central bank banking ban. It has also come to light that the lawyer representing the central bank also underlined the need to regulate the sector, the first notable instance wherein the RBI has called for regulation as a matter of policy.
https://www.ccn.com/ban-u-turn-indias-central-bank-admits-cryptocurrency-regulation-is-necessary/
https://www.ccn.com/ban-u-turn-indias-central-bank-admits-cryptocurrency-regulation-is-necessary/
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