RBI DECISION ON 5 JULY - BITCOIN LEGAL IN INDIA !!
As per the confusing situation for RBI(Reserve Bank of India), I think that it is going to put Tax on Bitcoin Holding and trading.RBI might not ban Bitcoin Trading in India because its Elections are coming in 2019.So, they are keeping this in mind that they should balance on the both sides. By putting Tax on Bitcoin, Indian Government will be huge profit because India has a huge number of Bitcoin holders. In India, many big Personalities and Celebrities are involved in bitcoin, so that's why RBI will keep this in mind also.
Indian Government might put GST (perhaps 18%).By making Bitcoin Legal in India, all investors, holders and traders will be happy. If India Government will follow all these above rules, It might receive a Handsome number of Votes in 2019 Elections.
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Hey @surinder1964, I don’t think elections have to do anything with crypto regulations. The people involved in crypto trading are smart and their decision to choose the right person for the country in the elections does not depend on the decision of crypto regulations. I expect govt. will do the right thing and people will vote correctly.
we all want that RBI take decision in our favour so lets just hope for the best :)
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