India making plans to Legalize and Regulate Bitcoin

When Japan recognized Bitcoin as a legal payment system on 1 April 2017, it wasn’t long before other countries started to allude to the fact that they were seriously researching cryptocurrency and blockchain technology in order to consider following suit. One of those countries was India.  The Indian Government have made no secret of the fact that they are moving towards a digital economy – we witnessed the demonetization process that was started on the 8 November 2016.

 

 

Recent reports from local news reports and India’s CNBC broadcast, Indian government officials are in the process of possibly giving bitcoin legal status.  Read full article here – India’s Government May Be Preparing to Legalize and Regulate Bitcoin This Summer

 

 

India CNBC report

 

 

 

Read more:  Bitcoin Legality spooking India

Read more:  Bitcoin and the Digital Explosion in India

Read more:  Bitcoin Mining potential in India using Government’s new power plan

Read more:  Bitcoin Adoption in India

 

 

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