Bitcoin and Indian Law: Provisions in the Constitution
Bitcoin and Indian Law : Provisions in the Constitution Area 2(m) of the Constitution defines unfamiliar monetary forms. Bitcoin is one of those unfamiliar forms. Area 2(q) sets out the meaning of Indian money. It is accordingly accumulated that FEMA isn't material to the guideline of bitcoins in India. This further implies that the zenith bank of the country, that is, the Reserve Bank of India, plays no part in the guideline and activity of bitcoins in India, in the current lawful system. KYC standards KYC represents Know Your Customer. It is the cycle through which the banks get individual…