How do i buy cryptocurrency in india
In June , trading cryptocurrency was officially banned in China, when the PBOC stated they would be blocking access to all forms of cryptocurrency exchanges, domestic and foreign, and Initial Coin Offering websites although cryptocurrency transactions continued through foreign online exchanges. Regulators have deemed all crypto transactions both crypto-to-fiat and crypto-to-crypto , trading and investments as illegal, whether executed via local or foreign platforms. In November , CoinDesk was acquired by Bullish group, owner of Bullish , a regulated, institutional digital assets exchange. Other players which have previously strived to become digital asset centers recently implemented legislation to regulate the industry. Bitcoin mining, which is a computer-intensive process of validating bitcoin transactions to earn newly minted bitcoin in reward, fell under the catalog of industries the agency considered to be highly polluting.