The billionaire investor appeared to stand up for internet freedom in India, but his comments gained little appreciation.
India, or Republic of India, is a federal state in South Asia. It is the second-largest country by population after China and the seventh-largest by territory in the world. India has a developing mixed economy, which is the world’s sixth largest in terms of nominal GDP. In India, cryptocurrency payments are becoming more and more popular among its citizens. Currently, the government is developing regulations for operations related to virtual currencies. It is aimed to protect investors and users, prevent money laundering, control the taxation of transactions, etc. Besides that, according to the Indian Minister of Finance, the authorities are concerned about digital currencies’ volatility and anonymity and are considering banning all payments in cryptocurrency. Nevertheless, the future of using cryptocurrency in India remains uncertain.
- Ex-CEO of BTC-e Exchange’s Spin-Off WEX Is Arrested in Italy
- ‘Samsung Coin’ Trademark Filing Unaffiliated With Samsung
- Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says
- Tether’s Trouble With New York Attorney General — Will Crypto Cope?
- Major Crypto Markets Report Mixed Signals, Gold Slightly Fell