[2017-02-18] BS: Era of Bitcoin? (Paywall)

[polynesia]

Era of Bitcoin?

http://www.business-standard.com/article/opinion/era-of-bitcoin-117021800664_1.html

Is Bitcoin legal tender? The answer remains ambiguous though the digital crypto-currency has become very popular over the nine years of its existence. It is now edging close to being acknowledged as legal tender after recent regulatory changes at two large central banks. A new Japanese law establishes parameters for using Bitcoins as legal tender. This is tied to stringent regulations designed to prevent misuse or criminal activity. Meanwhile, in a backhanded sort of way, the Peoples Bank of China (PBoC), too, acknowledges Bitcoin as a currency.