The Indian Government has intensified its regulations on Cryptocurrencies with promised law framework to be brought up.

The Cryptocurrency and Blockchain Committee (BACC), an industry group whose members include 7 cryptocurrency exchanges, is considering several initiatives, such as the creation of a user database and encryption transactions, to comply with government mandates.

As per reports from Times of India,

With Indian exchanges like Unocoin, Zebpay, Coinsecure, interested in increasing regulation and scrutiny of transactions, bitcoin fans say they buy in the US markets. It’s a more popular alternative for shopping.

Popular Bitcoiners have presented their views as stated below: