Altcoins India May Not Ban Cryptocurrencies, But Treat Them as Commodities Published 4 months ago on July 12, 2018 By Coinnounce - Coin Announcements Share Tweet India wouldn’t put a sweeping ban on digital currencies, but instead regard them as commodities, an anonymous source in the government told. Finance Ministry panel of India has requested an investigation on cryptocurrencies, which may propose that the government would regard them as commodities. A senior government official with information of the panel’s exchange informed that they question the government intends to ban cryptocurrencies. The source said that controllers’ fundamental concern is the way to viably direct the exchange and recognize “where the cash is originating from.” They included that, “permitting it as a commodity may give us a chance to better manage exchange thus that is being taken a gander at.” The official told that the board of trustees is most worried about following speculators and supports keeping in mind the end goal to battle illegal tax avoidance and unlawful financing As indicated by previous Reserve Bank of India (RBI) agent senator R Gandhi opined that regarding cryptocurrencies as commodities would obviously show to speculators that crypto isn’t genuine money: In May, the (RBI) Reserve Bank of India reported that it will never again give services to any individual or organization that arrangements with cryptocurrencies, however, the bank expressed it is wanting to issue its own cryptocurrency later on. In January the Indian Finance Ministry reprimanded Bitcoin (BTC) and other digital currencies for their absence of inborn esteem. The Indian Finance Ministry said there is “a genuine and elevated danger of speculation rise of the sort seen in Ponzi schemes, which can bring about sudden and delayed crash uncovering financial specialists.” Related Topics:Arun JaitleyBitcoinbitcoin in indiabitcoin indiabitcoin india banbitcoin investmentbitcoin tax IndiaBitcoin Trade Indiabitcoin tradingbtc indiaBTCXcrypto bancryptocurrency banCryptocurrency TradingFinance Ministry panel of IndiaFinancingindiaindia bitcoinIndia Bitcoin BanIndia Crypto BanIndian Bitcoin banIndian Bitcoin TradingIndian Finance MinisterIndian Finance MinistryIndian Reserve BanklocalbitcoinsR GandhiRBIreserve bank of indiaSupreme Court of Indiaunlawful financingunocoinWazirXZebpay Up Next Bytecoin Future Prediction Don't Miss Ethereum Classic Price Analysis ETC/USD Declining, 12 July. Continue Reading You may like Bitcoin Cash Fork Explained, Forking the Fork on 15 November Million Dollar Indian Cryptocurrency Ponzi Scheme Cracked BCHABC or BCHSV? Lets prepare for Bitcoin Cash Hard Fork Economists: Huge Cryptocurrency Boom Predicted, US Dollar likely to fall sharply in 2020 Can Bitcoin Hit $90,000 Within Five Years? Bitcoin Price will reach $250k by 2022: Tim Draper 4 Comments 4 Comments Pingback: India May Not Ban Cryptocurrencies, But Treat Them as Commodities – Btc News Magazine Pingback: India May Not Ban Cryptocurrencies, But Treat Them as Commodities – The Coinage Times Pingback: India May Not Ban Cryptocurrencies, But Treat Them as Commodities - Much Doge News .comMuch Doge News .com Roger Lord July 14, 2018 at 12:20 am Excellent idea. This would bring the whole sector within a regulatory framework giving the public greater reassurance but primarily from any governments point of view it reduces the prospect of wholesale tax avoidance, money laundering and fraud. Giving the public greater protection is essential for the long term and wider adoption of crypto currencies. Reply Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Daily Price Analysis Ripple Price Analysis: Can XRP recover? Published 2 days ago on November 12, 2018 By Janet F. Sanchez MACD – The MACD for XRP is presently in the bearish zone. Strength Index– The RSI for XRP is floating close to the 50 level. Support Level – $0.5000 Key Points: XRP price moved up a little, however, it confronted a good selling close to $0.5250 against the US dollar. There is a fleeting bullish pattern line framed with support at $0.5050 on the hourly outline of the XRP/USD pair. The pair may keep on solidifying over the $0.5000 support in the following couple of sessions. Ripple price is at present exchanging a range against the US Dollar and Bitcoin. XRP/USD must break the $0.5200-0.5250 resistance to move into a bullish zone. Ripple Price Analysis Recently, we talked about that ripple price could recoup towards the $0.5200 level against the US Dollar. The XRP/USD pair moved higher and cleared the $0.5100 and $0.5180 resistance levels. The upward move was certain as the price even outperformed the $0.5200 level and settled over the 100 hourly straightforward moving normal. In any case, the price bombed close $0.5250 and the half Lie retracement level of the last drop from the $0.5610 swing high to $0.4860 swing low. The price topped at $0.5253 and later began a drawback amendment. It moved beneath $0.5150 and the 23.6% Lie retracement level of the ongoing wave from the $0.4872 low to $0.5253 high. The current price activity is sure over the $0.5000 support region. There is a transient bullish pattern line framed with support at $0.5050 on the hourly diagram of the XRP/USD pair. Moreover, the half Lie retracement level of the ongoing wave from the $0.4872 low to $0.5253 high is going about as a support. For whatever length of time that the price is over the pattern line, $0.5000 and the 100 hourly SMA, it could recoup by and by. XRPUSD 5 Day Chart Taking a gander at the graph, ripple price is right now uniting over the $0.5000 support. Purchasers will in all probability make another endeavor to push the price above $0.5200 and $0.5250 in the close term. Continue Reading #Daily Price Analysis XEM Price Analysis: NEM on a rise after Coincheck relisting Published 2 days ago on November 12, 2018 By Nadja Eriksson XEM Price showed a bullish trend earlier today as Coincheck exchange announced the relisting of the XEM coin. The XEM coin was delisted from the exchange earlier due to the hacking of the exchange that led to stealing of XEM tokens worth half a million dollars. XEMUSD 1 Day Chart XEM Price Analysis Support Level: $0.1177 Resistance Level: $0.1209 The price of the coin was trading around $0.092 just before the announcement of the relisting of the coin on Coincheck. Just a minute before the announcement the price started to rise tremendously and hit a high of $0.1223 showing more than a 28% rise in the last 24 hours. The coin is currently trading around $0.1188 with the major support at $0.1177 and the resistance at $0.1209. The XEM Token is ranked 15 according to market capitalization and showed the yearly high in January 2018 of $1.86. The coin is expected to experience some bearish hurdles while settling down to a notable price. Continue Reading #Ripple Ripple Updates: New office, XRP tip bot, Nasdaq, Trezor and more. Published 3 days ago on November 12, 2018 By Janet F. Sanchez Ripple has been quite steady in collaboration and advancements throughout the globe. Here are some of the recent advancements with respect to Ripple and XRP: XRP Tip Bot in Amazon Alexa The XRP Tip Bot is ready to be a part of the Amazon’s Alexa. This will allow Alexa Users to easily transact their XRP by using voice command on the Alexa Device. The Alexa application developer posted on Twitter on November 6 about Alexa’s implementation of XRP Hey @haydentiff, hilarious video yesterday!:D I have something new for you. I hope you guys own an Alexa at home 🙂 This will go into beta soon, so some people can try it out. But still needs some improvements first 😉 Thanks also to @WietseWind for the support with the API 🙂 pic.twitter.com/5LA6AFTckI — nixer (@nixerFFM) November 6, 2018 XRP likely to be listed on Nasdaq in 2019 A source from the National Association of Securities Dealers Automated Quotation Exchange (NASDAQ) said that the exchange’s crypto initiative in 2019 is surely interested in scalability and they cannot put apart XRP which is a top-level security cryptocurrency by market cap. The Nasdaq team also said that they believe that XRP is surely going to be the 2nd largest crypto in the future after bitcoin but there hasn’t been any official announcement for the same. Trezor Model T Trezor will likely list a list of more altcoins in the upcoming model T update of the Trezor Device which will include XRP as well. Cred to provide XRP backed loans Cred, which is a leading provider of cryptocurrency backed lending. This will help the XRP owners to get loans using their XRP as a collateral security without actually having to sell their tokens. Ripple Opening office in Dubai Ripple Labs has planned to open their new office in Dubai in order to get themselves a strong position in the middle east markets. Banks adopting Ripple’s Technology Japan’s MUFG Bank and Brazilian Bank Banko Bradesco have signed an MOU to start using Ripple Software to send cross-border payments between Japan and Brazil. The Banks will use just Ripple’s software XCurrent and not the XRapid which uses the XRP coin. Ripple also tweeted about the collaboration: .@Bradesco and @btmu_official are leveraging Ripple’s #blockchain technology to create a new cross-border payment service between Japan and Brazil. https://t.co/Q9c4TSkRr0 — Ripple (@Ripple) November 9, 2018 The level of collaboration that Ripple has globally has been rising day by day. However, the XRP investors are still waiting for the real adoption of XRapid which will use the XRP tokens for the transfers rather than just the XCurrent Software of Ripple Labs. Continue Reading Advertisement Advertisement Latest Crypto News #Ripple Price Analysis58 mins ago Ripple Price Analysis: Will XRP fall ahead? #Bitcoin Cash Price Analysis19 hours ago The Battle: Bitcoin Cash ABC Vs Bitcoin Cash SV BLOCKCHAIN21 hours ago Covered: EOS Global Hackathon, United States #Ripple Price Analysis22 hours ago Ripple Price Analysis: Will XRP fall below 0.5? #Ethereum22 hours ago Ethereum 2.0 Serenity: All you need to know #Bitcoin Cash Price Analysis1 day ago Bitcoin Cash Price Analysis: Will BCH fall down? #Scam1 day ago Bitcoin Giveaway Scam: High Profile Twitter Accounts Hacked #Bitcoin1 day ago Bitcoin Cash Fork Explained, Forking the Fork on 15 November #Scam2 days ago Million Dollar Indian Cryptocurrency Ponzi Scheme Cracked #Monero2 days ago Dr Doom is back again: This time for Monero #Daily Price Analysis2 days ago Ripple Price Analysis: Can XRP recover? #Ethereum2 days ago Ethereum Updates: Proof of Stake, Zero Proof Prototype, JP Morgan and more #Daily Price Analysis2 days ago XEM Price Analysis: NEM on a rise after Coincheck relisting #Bitcoin Cash Price Analysis2 days ago Bitcoin Cash BCH Price Analysis: Can BCH break $520 level? #Ripple3 days ago Ripple Updates: New office, XRP tip bot, Nasdaq, Trezor and more. Live Crypto Prices BTCUSDAUDCADEURBitcoin(BTC) 5638.85559385Ethereum(ETH) 178.457965616Bitcoin Cash(BCH) 437.319255269EOS(EOS) 4.5827626399Litecoin(LTC) 43.2597682986Cardano(ADA) 0.0613514576TRON(TRX) 0.018763162Dash(DASH) 139.81454573NEM(XEM) 0.0938614751 Trending #Blockchain3 months ago What is DigixDAO coin? Trade DigixDAO on Blockonix Exchange. #Blockchain4 months ago What is Aeternity Token and its future? Fully Explained. Adoption1 month ago SWIFT will use XRapid to process payments using XRP. Here is the proof #Blockchain3 months ago What is Mithril coin? Trade MITH on Blockonix exchange. #Blockchain4 months ago Ethereum vs EOS: Which one is the Vanquisher? #Blockchain4 months ago What is Maker Token? Fully Explained. Is MKR overpriced? #Bitcoin3 months ago How to buy Bitcoins in Sri lanka? Explained. #Blockchain4 months ago What is Ontology Token? Is it worth investing in 2018?