| Author | Message | ||
Mahesh_fan Megastar Username: Mahesh_fan Post Number: 23778 Registered: 09-2010 Posted From: 167.219.0.140 Rating: |
chetha nayalu andharu cheri india ni inko 20 years venaki tesukoni pothunaru .. nerchukondi ra pakkana countries emi chesthunayi ani .. | ||
Mahesh_fan Megastar Username: Mahesh_fan Post Number: 23777 Registered: 09-2010 Posted From: 167.219.0.140 Rating: N/A |
https://www.ccn.com/india-bans-banks-from-processing-cryptoc urrency-purchases/ Indian residents can no longer purchase cryptocurrency through their bank accounts, according to new measures adopted by the countryâs central bank. The sweeping policy, announced on Thursday by the Reserve Bank of India (RBI), prohibits RBI-regulated institutions from allowing their customers to purchases cryptocurrencies, and it also bars banks from providing services to businesses âdealing with or settling [virtual currencies].â From the statement: âReserve Bank has repeatedly cautioned users, holders and traders of virtual currencies, including Bitcoins, regarding various risks associated in dealing with such virtual currencies. In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs. Regulated entities which already provide such services shall exit the relationship within a specified time.â As a result of the ban, traders will no longer be able to deposit or withdraw fiat currency at cryptocurrency exchanges, forcing them to use peer-to-peer (P2P) trading platforms such as LocalBitcoins. According to data from CoinDance, LocalBitcoins transactions denominated in INR currently account for roughly $1 million in volume on a weekly basis. |
