Crypto To Be Treated as a Commodity in India as Lifting of Ban is Underway

4년 전

India-is-not-Banning-Cryptocurrencies.jpg

India's government official has revealed that the country's Authorities are more likely to consider cryptocurrency ban and start treating them as commodities.The official further said that the committee body is more concerned with how crypto trading can be properly regulated in order to maintain a clear path of the money trail.

"Trade is not a criminal offence. Most of us trade in various asset classes in the stock market. So how is this [cryptocurrency trading] any different? What has to be in place is a mechanism to be sure that the money used is not illegal money, and to track its source is the most important thing," the official stated. The official gave relief to domestic crypto traders and the industry at large when he said that allowing cryptocurrency as a commodity may let them regulate trade better and that it is currently being looked at.
please comment about your feelings about this news

hindistan-coinleri-yasakladi.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending

Congratulations @akash1singh! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - The results, the winners and the prizes

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!