There is a good news for India crypto lovers, India govt is not going to ban cryptocurrency rather than they want to regulate it,yes friend a new regulation may come soon in India to regulate cryptocurrency or Bitcoin. R Gandhi, a former RBI deputy governor, said in the Quartz report: “If these are used to settle transactions, then it acquires the nature of currency. So that is one thing that one needs to be wary of. But if people want to invest in a commodity then that is different, because then we can assume that they are aware of the risks involved.” Last month, Garg was reported on news channel ET Now as saying that draft regulations for cryptocurrencies would be discussed in the first week of July. As per the govt official The issue is about regulating the trade and we need to know where the money is coming from. So we look forward to 20th July where some positive decision may come and we can trade bitcoin as commodity in Indian market within the supervision of the Indian govt.
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**DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. Cryptocurrency trading & mining is a risky business, We do not guarantee any profit and earning from Bitcoin & other cryptocurrencies. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing. we will not responsible for any loss.