Roundup – 27/12/2018 India: Bitcoin Legislation At Turning Point & more

India: Bitcoin Legislation At Turning Point

While Bitcoin trading has been banned in India for most of 2018, the country could have come to a turning point. The government set up committees in Q2 2018 to research whether or not cryptocurrencies should be legitimized or not. The first committee supported the ban and it looked like Bitcoin & Co. would be outlawed. However, various people from the industry objected this decision and a second committee was founded. The New Indian Express quotes a senior official who attended the second panel with the words: “We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalised with strong riders. Deliberations are on. We will have more clarity soon.”

Litecoin – The First Cryptocurrency to Support UFC

Litecoin is the first cryptocurrency to support the UFC. In an article published on the official Litecoin Foundation website, the company revealed that it would be the official cryptocurrency partner of UFC 232. The main event is scheduled to take place in California on Saturday. Alexander Gustafsson and Jon Jones will battle out for the UFC Light Heavyweight belt.

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Binance Leads As The Most Trusted Exchange

The head of the Three Arrows Capital Su Zhu has stated that Binance stands as the most trusted by investors in the Crypto community. His statement is based on a recent poll which states that they have been able to get there despite the light regulations. He added that trust among actual users was not something that could be acquired through government licenses or rubber stamps.

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