https://qz.com/india/1374298/rbi-fears-its-bitcoin-and-cryptocurrency-crackdown-may-backfire/

in #mgsc3 years ago

Hello friends... Today I am going to share some issues regarding current prevailing market situation.
India’s Central Bank is worried that its crypto crackdown may backfire.
They need to track virtual currency transactionsgoing opaque... says RBI annual report...
I am sharing a link in which we can see the details regarding current issues prevailing
https://qz.com/india/1374298/rbi-fears-its-bitcoin-and-cryptocurrency-crackdown-may-backfire/

Developments on this front need to be monitored as some trading may shift from exchanges to peer-to-peer mode, which may also involve increased usage of cash,” the report said. “Possibilities of migration of crypto exchange houses to dark pools/cash and to offshore locations, thus raising concerns on AML/CFT (anti-money laundering/combating the financing of terrorism) and taxation issues, require close watch.”

Kidly check the shared link for further details... and if you like the blog please upvote comment follow and resteem👍👍

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I am very curious about cryptocurrency, This article give some critical knowledge about cryptocurrency.

Yes sir it has alot to inform

The information is helpful dear.

Thankyou sir hope you like it

There are really so some important points to be worried. After all, government can't control crypto currency. They must think about it and short out the solutions.

Exactly sir...till date they govt is unable to find any knd of proper solutions to this