The bitcoin has been accepted by most of the western countries including Asian countries like China, Japan, and Korea. Where Japan has legalized the currency and announce the use of the digital currency as a mode of payment by the retailer in the country.
The high volume of trading has been recorded from the countries like Japan and China with increasing demand for bitcoin. Recently its has also been announced that Japan is going to get its first bitcoin ATM in the country.
Where these countries are leading in digital currency move, India is still examining on bitcoin and the bitcoin exchange in India looking for positive result out of it.
The Reserve Bank of India has also announced that the transaction or investment in bitcoin is neither legalized nor illegal in the country. The warning has been giving by the central regarding the investment and trading were done by people in cryptocurrency using bitcoin exchange in India like Zebpay, Coinsecure, Bitxoxo and Unocoin can be done but at their own risk.
The government concern is that the payment and transaction are made in digital currency is peer to peer there is no third party involvement or proper framework. Mean no security or dispute to be solved by any authority. Government is still working on the decision. Till then you can trade buy bitcoin in India, trade and invest even you can sell bitcoin in India The cryptocurrency bitcoin is not banned by the central government.
The high volume of trading has been recorded from the countries like Japan and China with increasing demand for bitcoin. Recently its has also been announced that Japan is going to get its first bitcoin ATM in the country.
Where these countries are leading in digital currency move, India is still examining on bitcoin and the bitcoin exchange in India looking for positive result out of it.
The Reserve Bank of India has also announced that the transaction or investment in bitcoin is neither legalized nor illegal in the country. The warning has been giving by the central regarding the investment and trading were done by people in cryptocurrency using bitcoin exchange in India like Zebpay, Coinsecure, Bitxoxo and Unocoin can be done but at their own risk.
The government concern is that the payment and transaction are made in digital currency is peer to peer there is no third party involvement or proper framework. Mean no security or dispute to be solved by any authority. Government is still working on the decision. Till then you can trade buy bitcoin in India, trade and invest even you can sell bitcoin in India The cryptocurrency bitcoin is not banned by the central government.
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