Regulatory issues have always been an emerging problem in India for cryptocurrency, but what keeps enhancing is the people’s interest in the crypto world. However, people seeking ways to stand by the lawmakers; on the other hand, makes the entire scene well problematic.
The surge of a new recent post by Crypto Kanoon that aids people with legal information on cryptocurrency on Twitter for people in India speaks that there has been an indication of Indian authorities being sceptical and puts attention towards crypto hardware wallet and imposing efforts to seize them.
The recent Twitter post definitely had an alarming impact on the crypto users and the avenues, but crypto use by avenues have not undergone complete shut. It is needless to mention that this gave rise to various difficulties in the process.
Crypto is Becoming Popular
The uprise and demand for hardware crypto wallet becoming increasingly popular as people entering this crypto world insists on being in charge of their own currencies. The bull run of Bitcoin is still on its hike with increasing interest day by day.
Now focus on the emerging problem of such purchases being flagged by custom departments of India. Naimish Sanghvi’s tweet that represents a screenshot makes it more clear that there has been a problem arising in allowing crypto hardware wallets all over the country. However, some people in the crypto world still doubt as there has been no incident or case of a claim of this sort. Again, no such official notice from the government has been issued yet, and so doubts exist.
The rise of this assertion of the collapse of crypto hardware wallet looks more like a vague doubt now, but instead, the reactions on the part of the crypto world have been striking enough. The regulations are here to announced, whereas the rise of agitation within crypto people also appears to reach its height as they point out the government’s antagonistic nature towards crypto hardware digital wallets.
Nevertheless, the crypto hardware wallet runs in full swing, available online both on Amazon and Etherbit. The smoke of doubt gathering is very unlikely to win the government as members of the crypto family are turning furious at this step taken by customs officials.