Bitcoin Flourishing in Telangana, AP (South India)

[Chevas Regal]

What you feel the influence of India on Bitcoin? I heard that especially south part of India is dominating some shares in total Bitcoin. Is it true?

What about the National Capital, New Delhi?

[Chevas Regal]

I think the trend has picked up momentum post demonetisation as people affected by the Modi government’s sudden and shock move have been exploring alternative investment options.

Could Bitcoin be the News Platform for new Money Launders?

[Avirunes]

Could Bitcoin be the News Platform for new Money Launders?

It is already happening. Just a week ago , I was checking news and found a sting operation where a guy was ok with laundering money with bitcoins.

I am still biting nails watching such kind of news and waiting to see how things gets out from now onwards.

[c789]

It was very unfortunate that the Indian government, without advance notice, took currency out of circulation. It is also unfortunate that this will almost certainly happen again in other countries. Government control of money is bad for the people. Hopefully with all of the populist uprisings, the people will demand that their governments stop controlling their money, or at least don't hinder the use of cryptocurrency.

[Herbert2020]

What you feel the influence of India on Bitcoin? I heard that especially south part of India is dominating some shares in total Bitcoin. Is it true?

What about the National Capital, New Delhi?

the volumes that i have seen coming from India (for example from localbitcoins and Zebpay) doesn show an increase in the volumes  but it is not yet competitive with the rest of the world but it seems like they are investing in bitcoin a lot, in addition to normal increase due to price rise.

Could Bitcoin be the News Platform for new Money Launders?

well this happens everywhere and it has been used from the release of bitcoin and before that it also existed using other means. nothing has changed!

[Chevas Regal]

Time for a Blockchain Digital Currency, Says Indian Central Bank’s Research Arm.

India going to adopt blockchain technology in their banking system but does not give a clear stance on the use of bitcoin in India?
As the price is surging with more demand and limited supply the only thing that worry me is that if i have 40+BTC and if i am unable to spend it in India then is it worth keeping?

http://newsbitcoin.info/time-for-a-blockchain-digital-currency-says-indian-central-banks-research-arm/


I clearly does not support money laundering but keeping bitcoin with me worry me as i have no record of the money that i invested in buying them

[dmamigo]

There is steady flourish of BTC in India in all parts. But yes after demonetization, I read somewhere that it flourished heavily and suddenly in South part and also West part of India. They indicated clearance of money led to the flourish. But yes the casual users are also increasing daily.