Today news
About the same in other media
Govt faces an uphill task if it wants to keep cryptocurrencies at bay
Reading now: 298
NEW DELHI : Enforcing a ban on cryptocurrencies is very difficult, given the nature of blockchain, which is the underlying technology for it, industry experts said. This comes amid reports that the government is likely to bring cryptocurrencies under the oversight of local regulators.
First, cryptocurrencies exist in the digital space and outside the purview of governments. This means that though a government can ban exchanges from operating and stop companies from listing new coins, it cannot stop users from buying/selling cryptocurrencies.
Second, people used to trade in cryptocurrencies much before exchanges were launched in India around 2016, as Naimish Sanghvi, founder of a crypto media outlet CoinCrunch, pointed out. At that time,
Read more on livemint.comAbout this in other media
Govt looking to add cryptocurrencies to tax law economictimes.indiatimes.com /2 years ago
Cryptocurrency Prices today on December 4: Market goes red while Gifto rises over 54% moneycontrol.com /2 years ago
India: Govt. to target chit funds, MLM-like crypto-investment schemes ambcrypto.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
