Bitcoin investors beware! Regulatory moves could block access to money
Investment experts feel that the RBI and government’s decision to warn investors could be indication of stricter policy and regulatory moves that could catch cryptocurrency investors on the wrong foot.
“The biggest risk to cryptocurrencies is the lack of regulatory supervision. It may be possible that the Government bans all crypto exchange markets in the near future. In that case, all your hard-earned money invested in digital currencies would become inaccessible,” Jagmal Singh, CTO, Paisabazaar.com told Moneycontrol. Thus, a regulatory crackdown can lead to investor lose access to all the money invested.
Awesome post...
India is a huge market! If the regulations will be dire it will be a big problem that only time will solve.
Let's hope that the regulations will be reasonably created!
i love your post
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