Bitcoins are neither legal nor illegal in India - S P Sharma, PHD Chamber of Commerce and Industry

S P Sharma, PHD Chamber of Commerce and Industry give his statement about cryptocurrency. He told Neither has the govt. formally brought bitcoin underneath the definition of currency, nor has it created it bootleg. It’s truthful to mention that presently the cryptocurrency is neither bootleg nor legal in Republic of India. The run batted in has cautioned investors regarding the risks related to cryptocurrencies. Unless the cryptocurrency is correctly and comprehensively regulated and monitored by a sturdy establishment, I don’t see bitcoin changing into a legal currency in Republic of India.

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