[2017-06-22]On Bitcoin, India's Government And Tech Companies

[BTCIndia]

he Bitcoin craze is catching on in India. While tech geeks and young investors eye the digital cryptocurrency as its value soars, the government, too, is contemplating a course of action surrounding its regulation.

In a move expected to boost financial inclusion, the Department of Economic Affairs in the Ministry of Finance in India has formed an inter-disciplinary committee to examine the framework on virtual currencies. (It is expected to share its findings next month.) In addition, the government initiated a discussion on its forum MyGov to seek public opinion on virtual currencies. Clearly, despite some initial reservations, the Indian government is keen on understanding how Bitcoin works and is willing to deploy resources to build frameworks.

https://www.forbes.com/sites/sindhujabalaji/2017/06/21/bitcoin-india-regulation/#37876b267e4a

[hubballi]

he Bitcoin craze is catching on in India. While tech geeks and young investors eye the digital cryptocurrency as its value soars, the government, too, is contemplating a course of action surrounding its regulation.

In a move expected to boost financial inclusion, the Department of Economic Affairs in the Ministry of Finance in India has formed an inter-disciplinary committee to examine the framework on virtual currencies. (It is expected to share its findings next month.) In addition, the government initiated a discussion on its forum MyGov to seek public opinion on virtual currencies. Clearly, despite some initial reservations, the Indian government is keen on understanding how Bitcoin works and is willing to deploy resources to build frameworks.

https://www.forbes.com/sites/sindhujabalaji/2017/06/21/bitcoin-india-regulation/#37876b267e4a

After seeing that country like, Japan and Australia are taking steps to accept bitcoin, now India are also moving towards bitcoin to make it legal currency

[niisarearning]

Government assigned inter-disciplinary committee  after some MP accusing bitcoin is ponzy scheme on april this year and also there is lots of companies like exchanges and bitcoin holder are strongly supporting all the way to make at least constant like now not to ban . If it regulated properly then there will be bright future for bitcoin holders in india.