Petition to RBI
Announce bitcoins and cryptocurrencies as legal

Announce bitcoins and cryptocurrencies as legal
12.5K view

Bitcoin is not illegal as per existing laws. As per media reports, a parliamentary committee is set up to look into the future legality of bitcoins and cryptocurrencies.

Cryptocurrencies offer India opportunities for innovation and development.

Blockchain: It has been accepted worldwide that blockchain technology will be the future for financial institutions. Blockchain cannot work without allowing all parts of the industry – mining, and trading of blockchain tokens, that is cryptocurrencies.

Remittance: Potential for India to save US$ 7 billion by using cryptocurrencies for inward remittances. Compare this to US$ 2 billion budget of the Mid Day Meal scheme to feed 120 million poor children.

Financial inclusion: Cryptocurrencies can provide modern financial services to the poorest Indians at far lower costs.

Stop bad actors, not the technology: With infrastructure technologies like the Internet, the smartphone and cryptocurrencies, it makes far more economic sense to chase the bad actors rather than shutting down the technology.

March 19, 2018
Letter to
BANK, RBI
Finance Minister, Mr Arun Jaitley
Ministry of Finance, Shri S Selvakumar
Announce bitcoins and cryptocurrencies as legal

Updates

Deepika Mittal start this petition
9 months ago

6 Comments

Navneet Soni
Navneet Soni

india plz support bitcoin

Kashish
Kashish

I love new technology of block chain, Ham future dedkhte hai or SARKAR sirf history, ye SARKAR sirf padmavati PR hi atki padi hai

madhur rane
madhur rane

because i belive in bitcoin

Anonymous
Anonymous

Technology needs to be adopted. banning crypto will leads to tech & financial backward

Amit Ray
Amit Ray

I m sigining this petition because I am really interested in block chain technology and crypto trading. It helped a lot in my life.

Mukesh choudhary
Mukesh choudhary

Becoz it works on blockchain technology which is more secure for our transaction. It completes our PM's dream of DIGITAL INDIA

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