Cryptocurrency Q&A
Does India have a conservative view on cryptocurrency?
Does India have a conservative view on cryptocurrency?
Elena
Sun Nov 24 2024
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I'm wondering if India holds a conservative stance towards cryptocurrency. Are they cautious or restrictive in their approach, or have they adopted a more open and accepting view?
5 answers
SeoulSoul
Tue Nov 26 2024
The Reserve Bank of India (RBI), the country's central bank, holds conservative views regarding cryptocurrency, as per the CoinDesk website.
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SamsungShineBrightnessRadianceGlitter
Mon Nov 25 2024
Among the top cryptocurrency exchanges in the world, BTCC offers a range of services including spot, futures, and wallet options. These services cater to the growing demand for digital currency trading in India and other parts of the world.
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emma_grayson_journalist
Mon Nov 25 2024
This stance has been a subject of debate within the country, with many stakeholders expressing differing opinions on the matter.
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charlotte_wilson_coder
Mon Nov 25 2024
In March 2020, a significant ruling was made by India's supreme court that overturned a two-year ban on digital currency trading, which was imposed by the RBI.
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DiamondStorm
Mon Nov 25 2024
The lifting of the ban has led to a surge in interest towards cryptocurrency within the country, as people are now able to trade digital currencies freely.
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