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News.bitcoin.com talked to several crypto exchange executives to find out the effects of the supreme court ruling and what their exchanges plan.
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Why is the indian government banning cryptocurrencies in india and what is cryptocurrency? In april 2018 the government of india banned bitcoin, in 2019 also a notice was served to banks by rbi that no payment however, in 2020 a request was passed by many users to reconsider the bill and to start investing in bitcoins. Many developments are yet to be observed in the coming days. Bitcoin & cryptocurrency trading in india. The usage of bitcoins is entailed with accountability and transparency which mitigates corruption from the society might seek attractive to many and many might want to invest in such a cryptocurrency.
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Updated on february 15, 2020. The indian government has made cryptocurrency legal in india. Know if crypto like bitcoin, ethereum is legal or there's a ban on crypto trading in indian market. But finally, on 4th march 2020, good news arrived. However, despite this legal conundrum, the number of cryptocurrency users in india is estimated to be more than 10 million.
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Cryptocurrencies are not legal tender in india.
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