How to protect the amount of your
money so that it is not devalued in India?
The bitcoin currency serves as an escape valve for
those citizens of India tired of the effects of demonetization and not being
able to have investment instruments to preserve their heritage in their own
currency. In recent months, India has occupied the first places with greater
transactions of the call cryptocurrency.
This virtual currency seems to be the new instrument
that defeats the rupiah in India, impacted in recent years by high inflation
with a high rate. The Indians need to have a more solid heritage and found in
bitcoin how to maintain the value of their money independently. The interest of
the Indians in this monetary revolution that is the bitcoin is evidenced in the
exponential increase that has been registered in the last years in the
operations with the electronic money. According to data provided by
LocalBitcoins, a technology platform that offers the p2p bitcoin exchange
service, operations in India passed the experts' expectations in a big way.
This country continues to lead the number of bitcoins
buying and selling transactions among Asian countries. Bitcoin has generated
much debate in India because of the factors associated with the risk of its
reputation for potential electronic fraud. The governmental entities have
expressed with some reservation and are formulating control mechanisms to
include among its rules the way to regulate this type of instrument. Several
countries have also begun to create regulations to prevent illegal transactions
with this currency such as money laundering.
But this does not seem to concern the citizens of
India at all, who have understood that buying bitcoins can protect their
heritage in a stronger currency and that has become the future of international
operations, that is, it serves to give feasibility of foreign trade.
The success of bitcoin in the case of India can be
explained through a response for those traders who are able to generate savings
to invest in an investment option that safeguards their purchasing power, to
have value reserves and of course without having to suffer by the monetary
control mechanisms of the government.
No comments:
Post a Comment