[2016-01-07] ET: Current status of digital currency of bitcoins

[polynesia]

Current status of digital currency of bitcoins

http://economictimes.indiatimes.com/markets/forex/current-status-of-digital-currency-of-bitcoins/articleshow/50475481.cms

Are Bitcoins legally accepted in India?

Bitcoin deals are not illegal in India but are currently unregulated. The RBI wants to understand and learn about the developments of this virtual currency before regulating it. It has emphasised the need for preparedness on the part of regulators and policy-makers to respond to these innovations and has spoken of understanding the potential of these technologies for remodelling the business and service delivery models to reduce costs, increase efficiency and promote financial inclusion.

[soyab0007]

RBI regulating in bitcoins.. means record of every transactions and paying fees to banks