Bitcoins in India: Long way to go

[BTCIndia]

Bitcoin is electronic document.^TM

"Essentially, the Bitcoin is a'thing' created by a computer. In that respect, there are already laws that cover such 'things'. Under Indian law - specifically the IT (Amendment) Act of 2008, technically, a Bitcoin is an electronic document," says Na Vijayashankar, managing director of Ujvala Consultants, a cyberlaw consultancy firm.

http://timesofindia.indiatimes.com/tech/personal-tech/computing/Bitcoins-in-India-Long-way-to-go/articleshow/27457439.cms