What can you buy with Bitcoin in India?
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Updated February 07, The latest trigger for the crypto sell-off was a speech by India's finance minister Arun Jaitley on Thursday. The government "does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system", Mr Jaitley told parliamentarians in New Delhi.
But he also said the Indian government would explore the potentials of blockchain, the underlying technology behind bitcoin and its bitcoin inr price digital currencies. This move echoes the South Korea's announcement that it plans to ban cryptocurrency tradingand China's ban on initial coin offerings ICOs — both events caused crashes in this volatile market. However, South Korean officials later clarified that an outright ban was only one bitcoin inr price the steps being considered.
Then on Wednesday, its finance minister Kim Dong-yeon confirmed his government has no plans to implement a crackdown as severe as China's. Investors continued to sell their crypto- holdings as Facebook announced its ban on cryptocurrency advertising mid-week. Facebook's new policy states that advertising cannot promote financial products and services that are "frequently associated with misleading or deceptive promotional bitcoin inr price.
Examples provided by Facebook include "binary options, initial coin offerings, or cryptocurrency". Over the next few weeks, Facebook will be pulling advertisements which violate this "intentionally broad" prohibition. On the other hand, digital bitcoin inr price consultant Adriana Belotti believes this new policy is so broad that it will affect legitimate businesses who are not out to mislead or deceive. Ms Belotti, who manages marketing campaigns for ICOs, said: First posted February 02, If you have inside knowledge of a topic in the news, contact the ABC.
ABC teams share the story behind the story and insights into the making of digital, TV and radio content. Read about our editorial guiding principles and the enforceable standard our journalists follow. You've probably heard her story, what happened in the laneway behind a Kings Cross nightclub. Now she's speaking publicly for the first time as a warning to others.
There's never been a better time for tax reform. But as governments have tried and stumbled over the years the burden has shifted to individual taxpayers and the latest budget looks no different. Donald Trump's company tax cuts boosted US equity markets and stimulated growth, while also overwhelmingly favouring the wealthy. They offer no support for trimming company tax here.
By business reporter David Chau. Bitcoin and other cryptocurrencies plunged on news of Facebook's advertising ban and India's upcoming crackdown. South Korea flags ban on cryptocurrency trading, rattles market. Bitcoin value slides as China slaps fundraising ban on booming cryptocurrencies. The price of Bitcoin and other cryptocurrencies fell sharply in the last week India is the latest country to consider a crackdown on cryptocurrencies Facebook imposed a bitcoin inr price policy banning cryptocurrency advertising.
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