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Bitcoin News
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Bitcoin News

Indian Cryptocurrency Industry is Crumbling as Regulatory Confusion Continues

India, the worlds largest democracy and second most populous country in the world, doesn’t seem too comfortable with cryptocurrencies and hence has been delaying commenting on the regulation around it. But this silence from the regulators has been creating a lot of confusion which is now making the industry crumble under pressure. Illegality, arrests and

India, the worlds largest democracy and second most populous country in the world, doesn’t seem too comfortable with cryptocurrencies and hence has been delaying commenting on the regulation around it. But this silence from the regulators has been creating a lot of confusion which is now making the industry crumble under pressure. Illegality, arrests and

indian bitcoin
Bitcoin News
indian bitcoin
Bitcoin News

Indian Bitcoin Companies Found Loophole to Accept Cryptocurrencies

After remarks by Indian govt. on bitcoin and other cryptocurrencies being an illegal tender, Indian bitcoin companies have found a loophole in it. By capitalization on this loophole, businesses are accepting bitcoin among other cryptocurrencies, apparently without breaking the law.   Also, read… FUD Alert: No Mention of Bitcoin or Cryptocurrency in New Cabinet Bill by Indian Govt. Indian bitcoin companies

After remarks by Indian govt. on bitcoin and other cryptocurrencies being an illegal tender, Indian bitcoin companies have found a loophole in it. By capitalization on this loophole, businesses are accepting bitcoin among other cryptocurrencies, apparently without breaking the law.   Also, read… FUD Alert: No Mention of Bitcoin or Cryptocurrency in New Cabinet Bill by Indian Govt. Indian bitcoin companies