[2015-08-29] ET: How virtual currency Bitcoin is gaining ground in India

[polynesia]

How virtual currency Bitcoin is gaining ground in India

http://economictimes.indiatimes.com/tech/internet/how-virtual-currency-bitcoin-is-gaining-ground-in-india/articleshow/48716998.cms

The regulators are wary of it, calling it a crypto currency, but the Winkelvoss twins believe it's the future. It was the favourite mode of payment on the notorious Silk Road, whose founder got thrown in jail, and a big cache of it did get stolen from the Mt Gox currency exchange. But bitcoin is gaining converts — even in India, where there are many regular users.