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,…

Read More

Bitcoin Legality Spooking India

The India Government have made it clear that they are ready to embrace the digital economy yet recently, politicians have started to question the lack of regulation surrounding Bitcoin and Cryptocurrency.  This has spooked the media who have published articles that have lead Indian citizens to think that Bitcoin is now illegal. According to ZEBPAY, Bitcoin is legal under all existing laws in India and Refues Local Ponzi Reports.  “Zebpay is part of DABFI (Digital Asset and Blockchain Foundation of India). DABFI is in the process of engaging with regulators to explain…

Read More