Introduced by the Reserve Bank of India restrictions on operations with digital assets can be withdrawn in the near future. It is reported by The Economic Times.
As notes the edition, a special government Commission, spoke against the ban of cryptocurrencies in the country. In General, the government of India can resolve the case of cryptocurrencies, however, “with some reservations”.
SOURCES | Govt panel not in favour of banning cryptocurrency. Govt panel may suggest allowing cryptocurrency with riders: Cogencis pic.twitter.com/osP6ziwGbO
— ET NOW (@ETNOWlive) 13 June 2018 R.
Associated with cryptocurrencies, the company affected by the decision of the Indian Central Bank, intend to challenge it in the Supreme court July 20.
“They issued the ban, which has enormous implications, without any research, and this seems like a very superficial solution. There are other countries where, too, there are doubts about such currencies, but none of them imposes restrictions”, — said the head of the Indian cryptocurrency exchanges WazirX Nishal Shetty.
Thus, the government team and several cryptocurrency companies do not support the decision of the Reserve Bank of India, because we are convinced that it was taken without any research of the industry. In turn, representatives of the Central Bank has so far not been able to clearly explain why the blocked Bank account of the cryptocurrency exchanges.
ForkLog previously reported that despite legal uncertainty, the Indian authorities are going to impose an 18 percent tax on transactions with cryptocurrency.