Some time has passed since the beginning of the struggle between India authorities and the cryptographic community of the country. Although the government wants to ban digital goods, community pressure pushes the decision in the opposite direction
India first tried to ban the sale and trading of Cryptocurrencies in April 2018. The country’s central bank — the reserve bank of India — made an announcement in its first political statement for the year.
Citing the volatility and theft of computers as the main reasons why banks would no longer be allowed companies or agencies.
After discussing this issue at two meetings, the senior official. Who was present at the roundtables, told the newspaper: “We already had two meetings.
There is a general opinion that cryptocurrency cannot exclude as completely illegal. You should legalize it with strong riders. Discussions are underway. Soon we will have more clarity. This news came a few days after another major news channel in the country
This is a bit like a two-sided coin. In the sense that if the ban put in place about eight months ago. An interdisciplinary committee created a year earlier. Why would India conceive an agency for managing cryptocurrency, if AV intended to avoid them?
The Organization includes representatives of other government associations, banking platforms and “competent agencies”. It is assume that the original purpose of the Committee was to prohibit the regular distribution of private premises in India. Although this position seems to be decreasing.
Another meeting is already scheduled for January. The country’s Supreme Court also instructed the Committee to adopt clear legislation on cryptographic transactions in foreign currency by 2019 February.