Bitcoin Ban is Impossible in India, says Experts - Ethereum World News
Experts are saying the Indian Government's perceived plan to ban Bitcoin and all other cryptocurrencies is an impossibility. Analysts are saying that by the very nature of digital currencies, implementing a blanket ban will be difficult. According to Quartz India, following reports of a possible ban on private use of cryptocurrencies, several market players and experts weigh in on the impossibility of a blanket ban on cryptocurrencies. Whether the government plans to ban digital currency transactions or private ownership or both, analysts believe it will be an uphill endeavor for the government. This share was retrieved by us on November 15, 2018 10:43 AM. Share this content on social media: Check out ethereumworldnews.com for more. Leave a Comment
India s Government is Evaluating a State Cryptocurrency: Report
A panel under India's finance ministry tasked to propose regulations for cryptocurrencies like bitcoin is reportedly set to recommend a state cryptocurrency backed by the government, instead. Citing a senior official aware of discussions within the inter-governmental panel, Quartz is reporting that the group is set to suggest the development of a state crypto token on a blockchain developed by the government. We are evaluating the government-backed cryptocurrency and crypto-token, Quartz cites the senior government official as stating. The panel will also recommend the government to conduct its own research and development of the blockchain, the official added. This article was found by us on October 12, 2018 2:55 PM. Share this content on social media: Check out www.ccn.com to find more similar content. Leave a Comment
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