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Cryptocurrency ban in India will lead to more unlawful usage, complete tax evasion, says BACC
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financialexpress.comIAMAI’s Blockchain and Crypto Assets Council (BACC) has said that a blanket ban on cryptocurrencies in the country will encourage non-state players, thereby leading to more unlawful usage of such currencies.
In his recent speech, Prime Minister Narendra Modi Minister had said, “It is important that all democratic nations work together on this (cryptocurrency) and ensure it does not end up in the wrong hands, which can spoil our youth.”
In a statement released to media, IAMAI said it fully concurs
Read more on financialexpress.comAbout this in other media
Indian Crypto Bill To Regulate, Not Ban 'Private Cryptocurrencies' - Report cryptonews.com /3 years ago
Cabinet note suggests India will regulate, rather than ban, crypto cointelegraph.com /3 years ago
India misinterpreted private crypto ban, says crypto bill creator cointelegraph.com /3 years ago
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