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Implementing the ban may not be easy, though. Stellar buy and trade launched less than seven months back, binance mining pool is currently the 4th largest one with a hash rate share of 11. Let me elaborate, recently, the government of india announced that it plans to introduce 'the cryptocurrency and regulation of official digital currency bill, 2021'. The current coinmarketcap ranking is #115, with a live market cap of $729,292,770 usd. Please read till end !
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Cryptocurrency in india is still an unregulated asset. Implementing the ban may not be easy, though. The new law is expected to be discussed shortly by the federal cabinet, and will then be sent to the country's parliament. The reserve bank of india (rbi) is expected to lead the way for cryptocurrency regulation. Quartz india · july 22, 2019
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In fact, even the banks in india believe that the advent of cryptocurrency will increase the risk of financial instability. The government of india, finance ministry has drafted the cryptocurrency bill which maybe discussed in the next parliament session in 2021 or maybe later (but, this does not affect the fact that it is safe or not) This move makes it clear that even the. The irs taxes you if you make profits on these five cryptocurrency related transactions. The new law is expected to be discussed shortly by the federal cabinet, and will then be sent to the country's parliament.
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