Regulation Of Bitcoin In India
Indian Government Next Week Will Present A Recommended Bitcoin Regulation. According To news.bitcoin.com, In April, The Government Formed A Committee To Investigate Bitcoin, The Committee Is Also Tasked With Assessing The Existing Legal And Regulatory Framework Of Digital Currencies In India As Well As Globally.
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The Indian Government Is Expected To Make A Decision About The Regulatory Framework Of Bitcoin And Other Cryptocurrencies Within 6 Months.
I Wish Bitcoin To Regulate In India.
It Will Be A Massive Hike In Bitcoin Price If It Regulate In India Cause Lot's Of Indian Trader Are Trading In Bitcoin And May Be Big E-Commerce Companies Like Amazon India,Ebay,Flipkart,SnapDeal Will Soon To Accept Bitcoin As A Payment Procedure.
India cannot even regulate who is driving cars on the road. I have NO IDEA on how the government plans to regulate Bitcoin.
It is a good signal though. If regulated in the right way you are correct, it could be a game changer is multinationals can open Bitcoin or any other blockchain payment gateway to the country.
Nice post - thanks!