Home Blockchain News Bahrain Could Squeeze India to Re-Open its Crypto Market and Legalize Bitcoin

Bahrain Could Squeeze India to Re-Open its Crypto Market and Legalize Bitcoin

by Rss Feed from web
195 views
cryptocurrency news feed

As per the request of the Reserve Bank of India, the country’s central banking institution, local banks have been disallowed from dealing with crypto businesses such as Bitcoin exchanges since 2018. With no immediate plans of the Supreme Court of India to reverse the decision of the country’s central bank, crypto companies have been pushed out of the local market. Consequently, Bitcoin investors have lost access to fiat-enabled exchanges and have resorted to peer-to-peer exchanges to convert cryptocurrencies, which could be impractical and unsafe, especially for face-to-face deals. However, a recent decision of the government of Bahrain to encourage cryptocurrency

The post Bahrain Could Squeeze India to Re-Open its Crypto Market and Legalize Bitcoin appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment