“It is the first time that a body appointed by the government has given recognition to virtual currencies that they have value and can be used for a transaction. Therefore, it is a very positive sign, especially considering the report has come out after a lot of deliberation.”
The much-awaited July regulation on the legality of cryptocurrencies was shifted for September 11, 2018, hearing in the Indian Supreme court.
Source info
https://www.ccn.com/indian-law-commission-recognizes-cryptocurrency-as-an-electronic-payment-report/
Royalty free pics
https://pixabay.com/en/bitcoin-money-decentralized-virtual-2008262/