India Is Not Banning Cryptocurrency, Here's What It Is Doing Instead - News Summed Up

India Is Not Banning Cryptocurrency, Here's What It Is Doing Instead


Ajeet Khurana, head of the Blockchain and Cryptocurrency Committee (BACC) of Internet and Mobile Association of India (IAMAI) is one among the many people in India working towards spreading awareness on cryptocurrency in India. More on Forbes: India's Blockchain Revolution Goes Beyond Banks Into Land Records And Private FirmsRegardless, India’s cryptocurrency trading volumes have been on the rise. Several major Bitcoin exchanges in India such as Unocoin, Zebpay and Coinsecure -- also founding members of DABFI -- are now part of IAMAI’s Fintech Council. The most ideal way to strengthen the system is by using approved banking channels to onboard new customers and legitimize Bitcoin trading. The largest Bitcoin exchanges in India are already implementing these measures, and they should be standard practice.”


Source: Forbes February 06, 2018 08:03 UTC



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