Crypto Trading India: India is considering a proposal to treat cryptocurrencies as a financial asset while safeguarding small investors, according to people familiar with the matter.
CRYPTO CURRENCIES
A hedge against crypto volatility?
Gold Silver Reports (GSR) – Banks and other Reserve Bank of India-regulated entities stopped servicing cryptocurrency exchanges last month, as per an RBI directive. But within a day or two, at least two cryptocurrency exchanges in India took the peer-to-peer trading route to enable crypto-rupee trading. Read here. P2P transactions, however, do not hedge you against price fluctuations, which can be significant in crypto markets, even in a short span.
IS IT A GOOD TIME TO INVEST IN CRYPTO CURRENCIES?
Gold Silver Reports – Bitcoin, one of the most popular crypto currencies has witnessed volatile bouts in the last one year. If you are planning to invest in such crypto currencies, you should keep the following points in mind.