And what's with punishing people using bitcoin!
I know, right?
The RBI announcement stated that using Bitcoin is not illegal, but people should be careful while using them.
It is probably a false rumor.
Although I don't know why these newspapers publish things they are not sure about. Creating false info is bad for business.
Got a call from two of my regular buyers asking about this and they seemed worried.
Not going to believe anything until it comes from the RBI.
I am sick and tired of the nonsense these newspapers try to pull off just for the sake of publicity. Give them freedom of press and they abuse it.
If it is indeed true then its a bad thing for all the bitcoin startups, exchanges and individual traders like me.
Maybe Benson can elaborate on this if he reads this.
I wouldn't have really cared if it was a blog post or something like that.
I started the thread because it was posted in Hindustan Times.
I agree. I'm not believing this till RBI comes out with a statement.
Many things have been declared pretty much illegal according to indian law. However, given the state of corruption in all levels of the government and even among the locals. Add to the fact that a good bitcoin holder with the relevant knowledge would be pretty hard to find, how do you supposed it will even be enforced if it is banned? Haha
It's not about Bitcoin being banned. It can't be.
But the effect this decision would have on Bitcoin start-ups & traders.
