Buy and sell cryptocurrency ,Bitcoin in India, cryptocurrency India Blog

This digital currency has created a significant place in the financial and investment market due to a lot of good reasons. There are many crypto exchanges in India from where one can buy cryptocurrencies like Wazir X, Coin DCX, Zebpay, and PCEX Member. However, when it comes to selecting the most trusted coin trade platforms to buy cryptocurrencies in India , it is important to choose the exchange platform after doing thorough research about them. PCEX Member is one of the most preferred and trusted places for buying cryptocurrency . With zero maker and taker charges on spot trading, PCEX Member is a user-friendly cryptocurrency exchange platform . It employs 5 layer security model which leaves out just 1 in a billion chances of your account being compromised. The 5 layer security model makes this exchange platform stand apart from other coin trade platforms. To safeguard the accounts from getting compromised, the exchanges have implemented the Google 2 factor authentication fea

The simple answer to this question is “No”. BTC aka Bitcoin is not banned in India. It’s true that RBI has banned virtual currencies from the financial market. But, this ban has lifted by the Apex Court on 4th March 2020 . In the month of March 2018, there was a circular from the Reserve Bank of India banning virtual currencies from the financial market. The ban went into effect three months later and banks subsequently closed the accounts of crypto exchanges, forcing some of them to shut down from the regulated financial market. The matter was taken to the Supreme Court by the Internet and Mobile Association of India (IAMAI) for the lifting of the ban and seeking clarification of the circular from the Reserve Bank of India. Reserve Bank of India in its 30-page document replied that it “had not banned cryptocurrencies such as Bitcoin in India, but only ring-fenced regulated entities like banks from risks associated with the trading of such virtual instruments”. In the documents, it w