The founder of Begin India Think Tank says that bitcoin should be regulated as stock, which he believes is the legal status the cryptocurrency should get in India. He also believes that Bitcoin may be the most secure technology in our lifetimes.
How Bitcoin Should Be Regulated in India
Begin India Think Tank founder Deepak Kapoor has shared his view on how bitcoin and other cryptocurrencies should be regulated in India in an interview published by local business magazine BW Businessworld on Sunday. Begin India Think Tank assists the Indian government and investigative agencies in fighting crimes involving cryptocurrencies.
On the legality of bitcoin, Kapoor stressed “there was no ban on cryptocurrency,” noting that the only crypto ban was the banking ban imposed by the central bank, the Reserve Bank of India (RBI), which the supreme court quashed in March.
He proceeded to discuss private cryptocurrencies. “Globally everyone wants to make bitcoin into a private currency which will not be allowed because it will lead to the…