did you know?
many estimates indicate that rupee-denominated bitcoin trades now generate the third-largest volumes after the American dollar and Yen.
2/ The ruling these risk-averse banks were referencing is now officially “set aside” and “no longer valid”.
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RT @TheYoungDoer
RBI (Reserve Bank of India) clarifies Banks cannot stop users from trading in Cryptocurrencies.
The circular cited by banks has been set aside by supreme court.
This is Really Huge 🙏
@NischalShetty @balajis @akshaybd @ThatNaimish @KavitaGupta19
#IndiaWantsCrypto 🇮🇳🔮🚀
https://twitter.com/TheYoungDoer/status/1399367112792047619
“RBI (Reserve Bank of India) clarifies Banks cannot stop users from trading in Cryptocurrencies. The circular cited by banks has been set aside by supreme court. This is Really Huge 🙏 @NischalShetty @balajis @akshaybd @ThatNaimish @KavitaGupta19 #IndiaWantsCrypto 🇮🇳🔮🚀”
There is an urgent need of crypto guidelines, and India can set a great example by formulating enabling guidelines for #cryptotrading.
So they are mulling to regulate it and not put indirect bans on it.
This will be a great move by government.
Well, I am sad to say but the Government of India is constantly trying to ban all cryptocurrencies. I fear what will happen next. Ban on cryptocurrencies is a step of the Government to take power away from the people. However, This is contrary to the ongoing privatization of several public sector banks and insurance companies.
Hey there👋 , if you are an #Indian and aren’t on the LBRY discord, do join here http://chat.lbry.com because there’s some exciting news coming for Indians. #IndiaWantsCrypto #crypro #india #lbry #bitcoin #contentcreators see ya ✌🏽
🐦🔗: https://twitter.com/LBRYSupporters/status/1250114023317598208
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