Supreme Court has lifted the ban on Cryptocurrency transactions in India
By amirev777
@amirev777 (4117)
India
May 15, 2020 11:40pm CST
On 4th March, the honorable Supreme Court lifted the ban on Cryptocurrency transactions in India that was put up by the Reserve Bank of India in 2018. This is certainly a good news for those Indians who have invested in cryptocurrency. Even I have invested a small amount in bitcoin, hence even I am feeling relieved.
2 people like this
3 responses
@louievill (28851)
• Philippines
16 May 20
Good luck to you and your investment. India needs to be on track when it comes to blockchain technology, for one you have a lot of workers abroad like the Philippines, the new technology would help ease transfer of money remittances. India is a large country and with the number of users let's expect the price of cryptocurrency to go up further
1 person likes this
@amirev777 (4117)
• India
16 May 20
@louievill How about Philipines when it comes to investing in Cryptos? Is it legal there? Have you made any Investments in cryptocurrency?
1 person likes this
@louievill (28851)
• Philippines
16 May 20
@amirev777 yes, the Philippines is a crypto friendly country, we have coins ph site where we can transfer crypto to our bank acct.in local currency, Buy load and data, pay our bills, send money to one another, exchange etc... So many other features. Investing is legal here, it's scam and illegal investment sites that's not just like anywhere else.
1 person likes this
@amirev777 (4117)
• India
16 May 20
@louievill You are really fortunate to be staying in a crypto friendly country
1 person likes this
@piyushbhatia1 (11698)
• India
7 Jul 20
There are several things that could be a road block for crypto. First of all the algorithm says that the more number of nodes the better the system. To run a node one has to have large storage space, high upload and download internet service. As soon as a wallet exposes itself to exchange the information can be leaked.
