BTC Should Have a Legitimate Status like Stock, says Think Tank Founder

News • 2020/09/08 • by Remitano

Deepak, who founded 'Begin India Think Tank,' stated that BTC should be controlled as shares. He believes that the cryptocurrency should also enjoy a legitimate status in India. He also added that the BTC could easily be the safest tech in the world presently.

While speaking in an interview, Deepak emphasized that BTC wasn't banned in the country, saying that the only prohibition on cryptocurrency was the Financial Institutions ban by India's Reserve bank, which was lifted by the court earlier this year.

He went on to talk about crypto becoming private, mentioning that people all over the world wish to make BTC a private currency, which will not be permitted because that could lead to a crash of global economies.

There are presently no laws as regards cryptocurrency in India. But, authorities in the country are already working on a law to prohibit cryptocurrency. The cryptocurrency populace believes that the government will not prohibit crypto, and the law will not be passed.