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Rise Of Cryptocurrency Exchange Is There Any Law For Crypto In India – Free PDF Download

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What is Crypto Currency?

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The Observation

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The Observation

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Why is Crypto gaining traction?

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The Observation

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The Observation

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The Crypto Conundrum

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India & Crypto

  • 2017: Bitcoin price spikes sharply from a low of about $2,500 to a high of nearly $20,000. The Finance Ministry compares cryptocurrencies with ponzi schemes.
  • 2017 : A committee comprising FinMin, RBI and SEBI members is formed to look at the regulation over the asset. Two PILs are filed against the use of cryptocurrencies in the Supreme Court.
  • March 2018: WazirX, which would go on to be acquired by Binance and become India’s largest cryptocurrency exchange.
  • April 6, 2018: The RBI issues a circular banning all financial entities from dealing with any entity dealing in cryptocurrencies.
  • March 2020: Supreme Court overturns RBI’s ban.
  • 2021:The government says it will introduce a bill to create a sovereign digital currency and simultaneously ban all private cryptocurrencies.

India & Crypto

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What’s the conclusion here….

  • If Not a Ban,Then Regulate.
  • Right Now….!!!
  1. Misleading Ads should stop
  2. Consumer protection similar to Stock market
  3. Crypto Coin & Finance
  4. Tax evasion
  5. Money laundering

 

 

 

Latest Burning Issues | Free PDF

 

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