Bitcoin finally legal in India

[airdnasxela]

"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.

Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."

I think legalizing bitcoin in India is a good news and I think it will affect the price of bitcoin. India has been regulating its individuals in using bitcoin and now that it is legal,  they now might use bitcoin as much as they want. But I think some businesses might try to amend it and try to regulate it so that it wouldn't interfere their profits but nevertheless,  legalizing bitcoin in India is good for all of us.

[Opipolopo]

oh yes, finnally a good new

[Gathel]

On June 20 yesterday, CNBC India reported that the Indian government committee has decided to support the advancement of digital currency (Bitcoin) and is now trying to create a regulator that will regulate any performance in the Bitcoin exchange in the short term.

[blockchainmarketus]

I really don't know how they legalize or i-legalize such thing as bitcoin because you are using it with your own internet and computer hardware maybe they just not supporting it before but every citizen of India can use it no matter what happens unless their government issue a criminal liabilities in using bitcoin.

I think no countries that rules as bitcoin holders as criminals. Holding bitcoin is right. Using bitcoin for transaction is prohibited in several countries . Even buy and sell using USD is illegal. some countries should use their own currency.

[alfs75]

"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.

Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."

Wow! thats a great news,and this is good for the people of india,and we know that there's so many indian people are benefited of this good decision into there government,even there some parliament groups or critics in india thats they  compared its a ponzi scheme,even they know the real purpose of digital currency into the growth of economy,actualy theres are saying that we cannot please everybody  to make them happy,only we can do to is to create in our own destiny,so therefore by this decision into the country of india,i know people of india celebrate it,especially those bitcoin investor.

[Sosad12]

Finaly good news the cryptocurency revelotion is taking over

[diorthotis]

Do you think it is good to buy bitcoin? But why? It is too expensive, $20 gives you very little less than 1% of one single bitcoin. $20 gives you 0.002 bitcoin, that is 0.2% of 1 bitcoin. If you buy inexpensive coin like Experiencecoin, $20 gives you about 2,000,000 experiencecoins. That is 0.01% of the entire Experiencecoin supply!!!! 0.002 bitcoin is 0.000000000112% of the entire bitcoin supply.

[andika2018]

"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.

Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."

Its good news for cryptocurrency fans in India. I think many government will accept bitcoin for investment or for trade because government can not ignore taxes potential from cryptocurrency trading

[Jupeter]

"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.

Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."

Well it is great news, bitcoin will get more better and stronger if all country will adopt how to used bitcoin, and hoping that this year of 2018 more country will support bitcoin, so bitcoin price has a chancr to pump more higher.

[Nolimitz84]

Good news.India is a huge market and very promising.I hope after this news of bitcoin will rise.Generally very happy when in any country of the world bitcoin is recognized and legalized.This is encouraging.

[alvinmtp]

In the past years performance of bitcoin in the whole world. India sees the potential and opportunities that will bitcoin give. The partnership of the government with bitcoin can open lots of doors to success since bitcoin provides a time killing for every financial transaction and convenience to everybody. Bitcoin establish a well develop society where in the government and the people itself will benefit in future. Changing the life of everyone is their main goal and make a civilize society for the innovation of a bright future.

[nayeel]

i think that Legalization is always a good thing. so hoped It's good news if really Bitcoin was legalized in india. bitcoin is a growing economy so there may be countries that are accepting btc but there are also countries that is trying to make there own blockchain for there altcoins.thanks