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

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

source https://www.ccn.com/bahrain-india-legalize-bitcoin-crypto

READ MORE http://bit.ly/2Tz0DnU

from Cryptocurrency News https://ift.tt/2TuGXl8
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!