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According to an official from the Reserve Bank of India (RBI), cryptocurrencies cannot be classified as "currencies" due to their lack of intrinsic value. P Vasudevan, an executive director at the RBI, emphasized this point during a panel discussion at IIM-Kozhikode. He highlighted that it is ultimately the government's responsibility to determine the approach towards regulating cryptocurrencies. At present, bitcoins lack legal recognition in India, and investors are subject to taxation on the profits generated from trading them.
🛑 **Attention Binance Users:** I want to share my recent experience with Ice mining. Unfortunately, my account was unexpectedly blocked due to alleged quiz completion issues. This has raised concerns about the legitimacy of Ice and its worthiness for mining activities.
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