India’s central bank is shutting the door on bitcoin and other crypto-currencies

[minerich]

 “Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying crypto-currencies will not end,” said S Ganesh Kumar, executive director of the RBI, at a conference in Mumbai on Nov. 06.

https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/

[onrise]

Things were quite clear from the Indian perspective because they want to control the entire space if they want to legalize it and which is not possible with btc. So now other thing is that how will they enhance this space if they want to make use of this technology to be ahead then other country is what we will need to look at it