The Indian government has decided to deal with encrypted currencies in a supportive step to lower with it, reversing what investors were expected from one of Asia's largest markets.
According to Arab Net, Indian Central Bank explained that encrypted currencies are allowed, and called on banks not to rely on 2018, which caused the trading process.
In 2018, the Bank issued the banking banks, preventing them from facilitating such transactions, but the Supreme Court canceled in March the ban on digital trade trafficking.
The Indian Central said banks should continue to examine the navigation examination of deals.
The bank explained that circular is no longer effective since the date of the Supreme Court, and therefore can not be worked, according to Blumberg.
This comes in the wake of reports indicating that the Indian government plans to prohibit digital currencies, especially Petquin, with a view to launching an official digital currency for India.
The Indian Council agenda said that the bill was planned to be aimed at creating a catalyst for launching a formal digital currency will be issued by the Central Bank of India.
Earlier, India authorities expressed concern about the use of Petition in illegal activities, including money-laundering in the absence of rules governing this currency.
After a rise during morning trading, Betquin returned to a decline of 0.36% to 36 thousand dollars, at a time when an Ethium coin increased by 4.7% to $ 2562.17.
