Now bitcoin shocks Israel

In spite of enthusiasm, investors may be interested in crypto currency bitcoin. But Israel's central bank has shocked it. Israel has refused to accept it as a currency.

Israeli central bank deputy governor Nadine Vaudot Tratzenberg has said in front of the parliamentary committee of financial affairs that bitcoin considers banks not only a currency but also a financial asset. Tratzenberg said that some customers had complained that money is not being transferred from the account to buy bitcoin. He said that transferring the funds is a very complicated matter when the bank does not accept it as a currency.

Tratzenberg also said that there has been a lot of fluctuation in bitcoin in recent times. In such a situation, making the standard about its transactions is very difficult for the central bank. He said that in this situation, there will be no responsibility for the central bank on the sinking of investment in bitcoin and the investor himself will be responsible for this. Traztenberg said that central banks of other countries have not even recognized it.

The price of bitcoin reached close to 20 thousand dollars in December. But at a time of fast fluctuations this time it came down to $ 12,000. On Monday, its price was close to $ 15,000.

Regarding the bitcoin and other crypto currency, the Reserve Bank has been keeping investors in the forefront since 2013. The RBI has said that it is not recognized in the country and in this case the investor himself will be responsible for the loss of the money. In December the Income Tax Department in the country had also raided several bitcoin exchanges.

This is a crypto currency. It is purchased through the Internet through id-password. It can not be changed in any currency. Id-password or risk of capital drowning even if hacked.

According to the News Paper