31 Mar '17, 9am

Industry Petition Urges Indian Govt to Announce Bitcoin is Legal

Industry Petition Urges Indian Govt to Announce Bitcoin is Legal

The Reserve Bank of India, India’s central bank and financial regulator has repeatedly weighed in on the subject, with a distinctly hands-off approach while warning users and adopters that neither bitcoin nor any companies dealing with the cryptocurrency were authorized to operate in the country. For their part, the big players in the Indian bitcoin industry – who welcome regulation – have banded together to launch a self-regulatory body , to ensure adherence to KYC and AML norms. The Digital Asset and Blockchain Foundation of India (DABFI) will also serve as a watchdog, warning investors of suspicious schemes dealing with cryptocurrencies.

Full article: https://www.cryptocoinsnews.com/industry-petition-urges-i...

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