India Shuts Down Bitcoin Exchanges

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Posted 3 years ago

HR

India Shuts Down Bitcoin Exchanges Only a few days since India’s banking regulator issued forth the hazards of virtual currency, the country has shut down Bitcoin exchanges. There are financial and security issues that are involved in dealing with Bitcoin, as the banking regulator in India generally warned.

Bitcoin use is on a slide towards the bottom, in Asia. China has certainly curtailed any Bitcoin activities, officially.

Especially telling, back to India again, is the suspension of a website dealing in Bitcoin, with a monthly sum of approximately $200,000, that was being run by a man named Mahim Gupta. He and others can see the legal instability of Bitcoin.

More officials rulings are surely due down the pike.

Rich Casale

HR

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