{"id":9764,"date":"2018-10-27T00:00:00","date_gmt":"2018-10-27T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/10\/27\/indias-it-chief-maintains-that-cryptocurrency-use-remain-illegal-in-the-country\/"},"modified":"2018-10-27T00:00:00","modified_gmt":"2018-10-27T00:00:00","slug":"indias-it-chief-maintains-that-cryptocurrency-use-remain-illegal-in-the-country","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/indias-it-chief-maintains-that-cryptocurrency-use-remain-illegal-in-the-country\/","title":{"rendered":"India’s IT Chief Maintains that Cryptocurrency Use Remain Illegal in the Country"},"content":{"rendered":"
The head of the Indian agency in charge of IT has recently said that cryptocurrencies<\/a> are illegal in the country.<\/strong> This is sequel to the arrest of an operator of a crypto exchange in the country for trying to set up cryptocurrency automated teller machines.<\/p>\n <\/p>\n Debjani Ghosh the president of National Association of Software and Services Companies (NASSCOM<\/strong><\/a>) in an interview said that as long as the government position of digital currencies remain that of objection, the association had no choice than to support the position of the government.<\/p>\n “It is the law of the land and hence, we have to work with it. If we do not agree, we have to go back to the government and speak about why cryptocurrencies aren’t correct [legal]” she said.<\/em><\/p>\n NASSCOM whose purview among other things including guiding and guarding technological startups in the country as well as protecting them from extreme regulatory restrictions seems at loss on how to approach the recent restrictions on the nascent crypto industry.<\/p>\n