The Indian government is attracted to the comments made by the person concerned who think that the cipher money should be legalized. According to local media reports, there is a possibility that the government policy, which has been newly discovered in India as a backward wind, may be an alarming news.
According to the report, there is a consensus that high-ranking government officials who responded anonymously to the report usually can not conclude that the government is totally illegal, and that the currency needs to be legalized.
The Indian government has so far held a strict opinion on cryptography. The committee also proposed a new legal framework for the Reserve Bank of India (RBI) in early December, and a total ban on cryptography in India. Also in April last year, RBI called on banks to stop providing services to individuals or businesses that are engaged in cryptographic transactions.
In this sense, it can be surprising news if India’s cryptographic policy actually goes ahead. eToro analysts pointed to India as a potential country in the cryptographic industry and pointed out that there is a possibility that the situation in the future, where the cash-money position is vague in India, where cashless society is underway, is likely to improve. For more information, please click here.