Btcxindia bitcoin bot
This Is original opinion piece: It is more of btcxindia bitcoin bot quick analysis on why these exchanges may have shut shop. The Cheetah Bot has liked the story because of a quote that was used which has appeared in other stories.
Please read through the story to understand the gist and ignore the bot. He's being a pain! India has sent mixed signals on Crypto.
There were rumours that Indian government will crackdown on Crypto Exchanges a month back. With such mixed signals, it's unclear why BTCXindia has made the announcement to close its operation.
In an email to its subscribe base, btcxindia bitcoin bot compant said: It's rumoured that BTCxindia does not want to completely take responsibility for any transaction that may facilitate terror btcxindia bitcoin bot in India. There are growing concerns that India's militant outfits are increasingly using crypto currency to fund its operation. In a country with multiple btcxindia bitcoin bot groups operating on the ground, Crypto Currency can hamper intelligence and security measures.
It's only 15 months ago btcxindia bitcoin bot Prime Btcxindia bitcoin bot Modi demonetised Rupee notes which lead to major setback temporarily for businesses and the farming communities. The main reason cited by the government is to fight corruption and to bring back black money back into the banks. The government was also heavily encouraging its citizens to use digital transactions and to avoid using cash as a mode of transaction.
For a government that is so keen on its people to use digital transactions, crypto currencies should have been a great fit. But crypto exchanges are worried about exchanges being used to fund terror and to store money meant for illegal and activities. If a transaction meant for a terror attack takes place through an exchange, there's a fear that the owners of an exchange be tried for sedition since the work in a unregulated market. India's craze for Crypto Currencies will only grow rapidly in the coming years.
There are more successful exchanges functioning in India like Zebpay, buyucoin. I am a robot. I just upvoted you! I found similar content that readers might be interested in: This Piece Is original: This is more of an analysis on why these exchanges may have shut shop. The Cheetah Bot has liked the story because of a quote that was used which btcxindia bitcoin bot appeard in other stories.
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