certify
Home arrow Article arrow Article Detail

Can you say the crypto investment is legal? Get detailed information here

Profile Image

Vandana Mrigwani Follow

INDIA

May, 04 2021

May, 04 2021

likes 0 | comments 0

Article Image

Crypto in India is acting as a booming market. Till now a total of 10 million crypto investors are coming forward every day. It is adding fire to the thriving market of crypto. 
 

There are few Indians who are misleading the formation of cryptocurrency to be illegal. People are confused about whether it is an illegal form of trading. 
 

Cryptocurrency is legal, and any individual can trade using cryptocurrency. Now we don’t have any regulatory framework who can look upon the functioning of cryptocurrency. Recently coined switch?Kuber?Crypto exchange regulated and supported by government using KYC detail. 
 

Cryptocurrency market in India started blowing in 2017, due to huge advantages and elect activities it created false affect in market. 
 

To overcome the false activities the government that time took some strict actions which was suited. 
 

Government was in favor of technology but the wrong usage of cryptocurrency and blockchain was not that correct approach as for government. 
 

The finance minister?Nirmala?Sitharaman?and also said that cryptocurrency where prohibited. The illegal activities of crypto cannot be tolerated in the financing system. 
 

She also said it cannot be a part of the payment system. It was quite simple that the selling and buying of goods using crypto is not meaningful. But they never said that it cannot be used as an asset. 
 

In 2020 the crypto market regulated by the US and Singapore Have to think twice about the crypto market in India. 

 

This affected as the Supreme Court of India issued guidelines for all private and public banks to stop the transaction of cryptocurrency in 2018. 
 

According to the tweet of?NASSCOM?India Is riding high in crypto market. Due to high boost of cryptocurrency market government how introduced bill related to crypto. 

 

The bill which was passed by the government was can contemplate by people but the Finance minister cleared the doubt regarding this. She said the experiment related to Bitcoin or cryptocurrency will be allowed to certain windows for people. 
 

The bottom line is India can expect surge in the Crypto market. The platforms like coin switch?kuber?came into existence. India can easily afford 800% exponential returns from cryptocurrencies like Bitcoin. 


likes 0 Likes | comments 0 Comments

Profile Image

Vandana Mrigwani

CBW - External Analyst

INDIA

Comments
Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.