India bad news crypt currency..
Bad quotes are bad news for those who have other crypto currencies. The country's largest crypto currency exchange is shutting down on Monday by looking at the government's scathing look at bitcoin. After this news, there has been a stir in investors who invested in Bitcoin. In Kanpur, alone, investments have been made in more than Rs. 5000 crores.
If you have invested in bitcoin like cryptokransi then take out your money immediately. There is no future for this virtual currency in India. The Government's stand is not positive about the cryptoconcency and there is no hope for it to extend it to legal recognition. On the one hand, the Reserve Bank of India is constantly warning against bitcoin, on the other hand the Income Tax Department is sending prompt notice. The result of this is that in a month the cost of bitcoin has dropped to half.
Looking at the negative environment surrounding bitcoine, the crypto tokens marketplace BTCX India has said that it will close trading on Monday, March 5. In an email sent to its members, the exchange said that the exchange decided not to deposit from 1 January 2018.
This crypto trading platform said that after January 1, the deposits will automatically be returned to the investor's bank account. Those who have also been registered in BTX India, have been advised to withdraw their money by March 4. In the year 2013, the launch of BTX India in India offers crypto tokens and real time trading facility in Indian rupees.
The mail sent from the exchange said that it has been four years since the launch. During this time, the services of more than 35 thousand customers and the price of ripple was 50 times, while the price of the herra increased 100x. Further in the email said, as we heard in the budget speech that the Government of India is not promoting crypto currency trading. The same thing was explained last year by the actions of the government. There is a lot of pressure on the business, so the exchange is being closed.
Such is the business
BTCX accounts for Bitcoin trading on the India Exchange. They can login by visiting the Exchange website. Investors buy and sell bitcoins through the exchange's valet. Bitcoin can be sold through wallet. The amount received will be made in the personalized account of the exchange, then the automatic will be transferred to the bank account which will be connected to the exchange.
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@avinashsingh