Guys I have some good news that can double prices (From Feb 1)
As you all know India didn't have clear rules regarding CryptoCurrency, Financial Minister used vague terms like "not legal tender", "as of now" etc and always discouraged investors and warned them not to invest due to legal,market risks. There are number of millionaires and Billionaires who is interested in investing Crypto but didn't invest because of this risk of banning and But recently Country's richest man started assembling team to start his own coin JioCoin (This is the first ICO plan by any trusted businessmen) He's well known for having good relationship with current Govt. He wouldn't have started this coin if Govt had plans to ban this.
And what really confirms this theory is Ministry of Corporate Affairs asked countries Accounting body(ICAI) to study accounting standards related to Crypto Currencies (Source: http://www.financialexpress.com/market/icai-to-carry-study-on-cryptocurrency/1031040/lite/ )
All Finance and Taxation related changes takes place in country only once in a year during annual Union Budget which will be on 1st February every year. News sources also confirmed Govt will give clarity on Virtual Currencies (Crypto currencies) this budget. Above two factors confirm That Govt will surely legalize crypto in near future, probably on 1st February
This is huge... Cryptos always sell at premium (Because very few Indians have credit card that support international payments) If Govt legalize then companies can buy from international exchanges and sell it in the country, it'll be win win situation.
Stay tuned... On Feb 1st If Govt Legalize crypto we'll reach moon I'm 100% sure this will happen, Thank you
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