Cryptocurrency in India

Cryptocurrency is foreign exchange or foreign currency, this foreign currency is based entirely on the restricted chain and the concept behind the digital currency that has been converted to non-interference from government or authorities. Cryptocurrency made in the knowledge because China is currently blocking it. The majority of people who do not support it because it involves illegal activities, no tracking of foreign currency and much more. But the people support it have a different perspective that it is inflation resistant and transparency.

There are special types of digital currencies and a large unconventional and well-known platform known as Bitcoin. It is a very high value currency these days but there are many opportunities for crypto currencies such as Dogecoin and Ethereum.

In India cryptocurrency has been in vogue for a long time. About 7 million Indians have already invested in cryptocurrency and the range will grow day by day but the big question from Indians is – “Is cryptocurrency banned in India?”

Indian authorities began recognizing digital currency in India within 2013, the RBI issued a warning for the launch of media in the general public against cryptocurrency operations. In 2017 the Government is setting up a high-level ministerial committee to record issues and use crypto. The recording committee in July 2019 recommends a ban on the use of cryptocurrency in India, despite the record authorities failing to take any action but in April 2018 the RBI issued a roundabout ban on all Indian banks from easy operation within the cryptocurrency themselves but also blocked the transfer of donations. in any of these organizations. However the round has turned into a challenge within the regulatory docket in the case of the Internet and Mobile Association vs RBI for violating Article 19 (1) (g) which states “practise any profession, or to carry on any occupation, trade or business” The article 19(1)(g) of the crypto traders. The Supreme Court of India dated 4 March 2020 passed a decision to consider whether this round has cut off the bank’s position on cryptocurrency trading even though the RBI has now found nothing wrong with its operation and has now changed and can no longer get a chance, Apex Court Court reversed recent ban by RBI in India too.

Cryptocurrency users are now at relief but how long will it take? The Indian government plans to pass a law (the Cryptocurrency and Regulation the Official Currency bill of 2021) in Parliament. Indian Finance Minister Nirmala Sitharaman stated that the law aims to ban private cryptocurrencies as suggested by the high-level intergovernmental committee. The Council of Ministers will also launch an official digital currency regulated by the Reserve Bank of India (RBI). Will the ban violate their human rights? Certain provisions of the bill are still unknown, but they still threaten India’s 7 million cryptocurrency users and with a thought whether they should their sell Bitcoin or not?

Aishwarya Says:

I have always been against Glorifying Over Work and therefore, in the year 2021, I have decided to launch this campaign “Balancing Life”and talk about this wrong practice, that we have been following since last few years. I will be talking to and interviewing around 1 lakh people in the coming 2021 and publish their interview regarding their opinion on glamourising Over Work.

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We also have a Facebook Group Restarter Moms for Mothers or Women who would like to rejoin their careers post a career break or women who are enterpreneurs.

You may also like to read:

Will Lawyers be replaced by Artificial Intelligence ? – Aishwarya Sandeep

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Misuse of Section 295A – Part 3 – Aishwarya Sandeep

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