Topic: When did cryptocurrency first appear in India? (Read 79 times)
Financial institutions in india have not been able to provide any services in virtual currency since the ban by the reserve bank of india the central bank said the move was urgent in india's financial system at the time. It was further stated that transactions like bitcoin and other cryptocurrencies are not possible like ordinary currencies. The reserve bank of india argued that virtual currencies do not have government seals in case of exchange it is necessary to study how suitable the market is for the transaction because of exchange kyc sites are scammed.
Local Bitcoins is another of the top peer to peer exchanges available. You can find individual users and purchase bitcoin and other crypto options from them. You can search through people who are seeing their wares at varying rates. The service is useful, although you should note how well the current value of currency works when seeing what is appropriate for a transaction.
Many bitcoin exchanges require you to go through KYC or Know Your Customer practices. The effort entails confirming your identity and providing information to the site about what you are doing. The work allows for some transparency and a sense of security all around. The practice offers a suitable approach to work that fits your needs.
Cryptocurrency has been available in India in many forms since it was first introduced in 2009. That was the year bitcoin was introduced in the new crypto market. Currency trading has been available throughout India since then, with an exception being from 2018 to 2020 when the Reserve Bank of India banned banks from handling such currencies.
https://swapzone.io/learn/exchange-crypto-india/
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