Thursday 13 July 2017



How can the probable politics affect the bitcoins exchange in India? 

It is anxiously expected by most of the Bitcoins traders in India that this month the Indian government will finally announce their proposals about regulating the cryptocurrency Bitcoin. Everybody is awaiting to know what is the effect that the politics of the government could apply to bitcoin exchange in India, or even what are these politics that they are considering. To sell bitcoins in India has inevitably become an easy process since most of the finance population is well informed about how to sell bitcoins in India or to exchange them; hence, the politics that the Indian government will announce could create the necessity about the reeducation of the population about bitcoins. 

The Indian government has declared that they are going to participate in the exchanging of cryptocurrencies and to evaluate how it can improve the Indian finances. However, since Bitcoin is not a currency regulated by any country of the world it can affect its trade. Bitcoin exchange in India could be either facilitated by the participation of the government on its improvement, or hindered by an extreme regulation that makes it collapse. 

Let’s expect that the decisions of the government cooperate to the best bitcoin exchange in India as it happened with the government of South Korea that legalized bitcoin international transfers offering a permission to Finn tech companies. The main idea should be to encourage the rest of the population to learn about bitcoin in to order to impulse the best bitcoin exchange in India. Sell bitcoins in India could be easier if it is promoted properly by the government. With politics that impulse other companies to exchange bitcoins directly into rupees. This is definitely the most exciting time for Bitcoins in India and it is matter of time to see how the Indian government is going to act towards the usage of cryptocurrencies. Many people on the web have expressed their interest in participating on Bitcoin but they still not understand how it works—even with the big amount of information propagated in the social networks about it—

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