Bitcoin Forum

Ending years of wait-and-watch policy, the government is set to take steps soon to regulate the use of virtual currencies (VCs) like Bitcoin in India. A government panel, formed on April 12 to suggest measures to deal with VCs, are veering towards a consensus that “it is not something which needs to be promoted”, said an official aware of the matter.


http://www.financialexpress.com/industry/banking-finance/heres-how-narendra-modi-government-is-looking-to-deal-with-bitcoins-other-virtual-currencies/658416/

If it means that this should not be promoted means ban is going to be in place soon . What will happen to all those exchanges who have invested and hot fund from various investors ?

There must be a reason for india to accept bitcoin... they already have tons of digital payment system

Can you just enlighten me with the tons of digital payment system India has.Do you have any idea what you are talking about,ignorance is not a crime you should learn what bitcoin is and how it is a digital payment system and how you could compare that with the so called payment systems you are mentioning.

Exactly bitcoin or altcoin is not taken as digital currency ,it is taken virtual currency.firstly it was not made to make it as stable currency payment option such as paytm,paypal ,etc.it is similar to share market or forex trading asset but it is more convenient , anonymous, highly secure and everyone can access it .