The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Prime Minister of India calls on democracies to cooperate in the field of cryptocurrency

3 min reading

Narendra Modi, prime minister of India urges everyone to work with cryptocurrency more.

cryptocurrency https://www.freepikcompany.com/legal

India appears to be taking a progressive stance towards Bitcoin (BTC), especially given the fact that the country is trying to get a unified view of the categorization and legality of this new asset class. Amid numerous cabinet meetings, industry interrogations and growing banking issues, the country's prime minister is getting tougher about cryptocurrencies. During the dialogue in Sydney, Prime Minister Narendra Modi called on democracies to work together to get the most out of cryptocurrencies and blockchain technology. He also said that they should not be used for unethical purposes.

On Monday, Modi spoke at a high-level meeting on cryptocurrencies in the context of money laundering and terrorist financing. The general mood around the meeting suggests that strong regulatory measures are on the way, albeit promising and progressive. The Indian government has previously taken steps to build a stable regulatory infrastructure for the fast-growing sector. He has held many high-level meetings, including one with the Reserve Bank of India (RBI), the Treasury and Home Office, as well as with crypto experts and key industry players inside and outside India.

Despite the objective views of several ministers, RBI Governor Shaktikanta Das is still not convinced. On Tuesday, the CEO reiterated his position that allowing cryptocurrency trading could harm any financial system because it is not overseen by a central bank. Despite the growing popularity of cryptocurrencies in India, lawmakers are still divided over the need for a comprehensive regulatory system. The Bitcoin bill is expected to be presented to Indian lawmakers during the next session. Many people hope that this gives investors and organizations some reassurance.

India plans to reduce the tax on goods and services on cryptocurrency exchanges from 18% to 1% through regulatory reclassification. In addition, the president of the Central Bank of Peru recently said his country will join India and two other countries to create their own digital currency at the central bank, although cryptocurrency regulation in India is still sketchy.

Currency Exchange rate Buy cryptocurrency

The new DEFI platform enters the market! Earn passively - token sale 0.25 $

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.