Future price of bitcoin in india
No more Monero for you! South Korea made clear this week that their newest set of rules for all cryptocurrencies traded in the country would go into effect on January 30th, Why the sudden Bitcoin price crash? Moving FIAT to the web in South Korea to future price of bitcoin in india for cryptocurrency will require that the bank account have a real name on it — no more anonymous accounts.
Those that do not have bank accounts in South Korea will not be able to trade inside South Korea. Traders in South Korea will need to be at least 19 years of age. The vast majority of regulators in the country do NOT like the idea of Bitcoin or cryptocurrency in general.
A total ban on crypto trading in the country could have a major effect on the future of the platform — though, much like electricity, they might not have a choice but to re-authorize at some point in the future.
India Finance Minister Arun Jaitley suggested that cryptocurrencies are not legal tender, and that anyone involved in trading cryptocurrencies were doing so at their own risk. A committee under the chairmanship of secretary, department of economic affairs, is deliberating over all issues related to cryptocurrencies to propose specific actions to be taken. That was back in early January according to the India Times. That article also suggested in its title that Jaitley said all cryptocurrency trading was illegal — but the text makes no such claim or backup of said claim.
So while Indian future price of bitcoin in india officials do not like the idea of cryptocurrency, they seem more than willing to try to tax it.
That is, taking a percentage of cryptocurrency value from traders even though they do not consider cryptocurrency to be legal tender. None of the above is to be used as financial advice, and SlashGear takes no responsibility for the actions of future price of bitcoin in india reader before, during, or after reading this article. Future price of bitcoin in india Timeline Bitcoin price crash: Why the sudden crash?
Bitcoin price news intensifies: Facebook Twitter Google Reddit. Topics bitcoin Blockchain cryptocurrency government India money South Korea.
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