India prohibits the trade of virtual currency than special currency - Cryptocurrency Reporters - A Light To Cryptocurrency World

Wednesday, 11 April 2018

India prohibits the trade of virtual currency than special currency


India prohibits the trade of virtual currency than special currencyAt present, there are about 5 million virtual currency holders in India. This new initiative, the Central Bank of India, let India's virtual currency holders jittery. No one can predict this. It's amazing. Everyone wants to quit, because they think they won't be able to deliver bitcoin in 3 months. Sathvik Vishwanath, a founder of India bitcoin alliance, told BBC reporters. AEX bitcoin trading exchange to support a variety of digital asset spot transactionsAlthough experts say that investors in India can still hold bitcoins and other virtual currencies technically, they can also trade through cash or foreign bank accounts, but after this news from the India central bank, sales of global bitcoins are down by 10% in a day. AEX bitcoin trading exchange to support a variety of digital asset spot transactionsMore than India, Pakistan, Russia and other countries have also issued regulations and measures for virtual currency recently. In April 9th, the Central Bank of Pakistan declared the virtual currency illegal. The Wall Street Journal reported that after the Russian government's plan to tax the virtual currency industry, Maxim O Lesh Kim, the Minister of economic development, recently said: "bitcoin is very unstable as a asset, it has risen by dozens of points in a minute, and then it may be again the next minute." A drop of dozens of percentage points. AEX bitcoin trading exchange to support a variety of digital asset spot transactionsPeople who are not familiar with the risks of virtual currency must never touch it. He added: "because the volatility of virtual currency is too strong, it is likely to bring disaster to the holders." Maxim O Lesh Kim also said in an interview that the government must set the threshold for the virtual currency investors, only those investors with certain professional reserves and risk bearing capacity can participate in the investment. via /r/Bitcoin https://ift.tt/2GUDEdK

At present, there are about 5 million virtual currency holders in India. This new initiative, the Central Bank of India, let India's virtual currency holders jittery. No one can predict this. It's amazing. Everyone wants to quit, because they think they won't be able to deliver bitcoin in 3 months. Sathvik Vishwanath, a founder of India bitcoin alliance, told BBC reporters. AEX bitcoin trading exchange to support a variety of digital asset spot transactions

Although experts say that investors in India can still hold bitcoins and other virtual currencies technically, they can also trade through cash or foreign bank accounts, but after this news from the India central bank, sales of global bitcoins are down by 10% in a day. AEX bitcoin trading exchange to support a variety of digital asset spot transactions

More than India, Pakistan, Russia and other countries have also issued regulations and measures for virtual currency recently. In April 9th, the Central Bank of Pakistan declared the virtual currency illegal. The Wall Street Journal reported that after the Russian government's plan to tax the virtual currency industry, Maxim O Lesh Kim, the Minister of economic development, recently said: "bitcoin is very unstable as a asset, it has risen by dozens of points in a minute, and then it may be again the next minute." A drop of dozens of percentage points. AEX bitcoin trading exchange to support a variety of digital asset spot transactions

People who are not familiar with the risks of virtual currency must never touch it. He added: "because the volatility of virtual currency is too strong, it is likely to bring disaster to the holders." Maxim O Lesh Kim also said in an interview that the government must set the threshold for the virtual currency investors, only those investors with certain professional reserves and risk bearing capacity can participate in the investment.

At present, there are about 5 million virtual currency holders in India. This new initiative, the Central Bank of India, let India's virtual currency holders jittery. No one can predict this. It's amazing. Everyone wants to quit, because they think they won't be able to deliver bitcoin in 3 months. Sathvik Vishwanath, a founder of India bitcoin alliance, told BBC reporters. AEX bitcoin trading exchange to support a variety of digital asset spot transactionsAlthough experts say that investors in India can still hold bitcoins and other virtual currencies technically, they can also trade through cash or foreign bank accounts, but after this news from the India central bank, sales of global bitcoins are down by 10% in a day. AEX bitcoin trading exchange to support a variety of digital asset spot transactionsMore than India, Pakistan, Russia and other countries have also issued regulations and measures for virtual currency recently. In April 9th, the Central Bank of Pakistan declared the virtual currency illegal. The Wall Street Journal reported that after the Russian government's plan to tax the virtual currency industry, Maxim O Lesh Kim, the Minister of economic development, recently said: "bitcoin is very unstable as a asset, it has risen by dozens of points in a minute, and then it may be again the next minute." A drop of dozens of percentage points. AEX bitcoin trading exchange to support a variety of digital asset spot transactionsPeople who are not familiar with the risks of virtual currency must never touch it. He added: "because the volatility of virtual currency is too strong, it is likely to bring disaster to the holders." Maxim O Lesh Kim also said in an interview that the government must set the threshold for the virtual currency investors, only those investors with certain professional reserves and risk bearing capacity can participate in the investment.

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