Reserve Bank of INDIA recently advised the Indian Banks and other Indian digital Sectors to not to use the Cryptocurrencies.
They added that the crpytocurrency transactions will result in the loss of economy of the Nation.
The CEO of ALLUMA,a digital fund transaction corporation,Mr.Aakash Agarwal too quoted the same statement.!
FEAR AND CONFUSION:-
Basically, Cryptocurrencies are called as 'almost a true money'.
Millionaries and Big shots are currently using this cryptocurrency as their World Exchange.!
Cryptocurrency's value is finalised by the World Market.
Reserve Bank of India has a fear that this digital money may lead to illegial business and cause the failure to the Indian economy.!
They also worried that the cryptocurrency maybe used for the Illegal Fund transaction to the terrorist Foundations.!
THEIR FEAR CAN'T JUST BE IGNORED.!
But the bitter truth is those illegal fund transactions are still happening using the approved foreign exchanges.!
Another interesting fact is,Reserve Bank and Government of India didn't yet declared that the Cryptocurrency is Illegal.!
They didn't banned the c.currency too.!
Hereby we may conclude that they Feel Shy to deal with the crpytocurrency.!?
WILL ECONOMICAL LOSS HAPPEN.??
Reserve Bank of India is permitting each and every Indian citizen to invest upto 1.5 crore in foreign jobs and advertisements.
At present, almost 90Lakh people in INDIA are using cryptocurrencies like bitcoin.
If Government of India did not permit the Indian people to use this cryptocurrency, around ₹135 lakh crore exchanges will leave from India.Currently this will be a huge economical loss.!
HABIT OF INDIAN PEOPLE :-
The Indian people who are using this cryptocurrency in the world market will not going to stop their process.!
If Reserve Bank of India block the exchanges of cryptocurrency , the people will move on to the next digital currency like from Bitcoin to other sort of cryptocurrencies.!
As most of the foreign corporations are using this cryptocurrency for the exchange, it is important for the Reserve Bank of India to relook its decision on cyrpo.
Else, jobs and advertisement sectors in India will face a huge drop back.!
Its the time for rewrite the history of INDIA.!!
