The Inter-Disciplinary Committee within India’s Ministry of Finance has been actively investigating the legal status of Bitcoin within the country and considering the possibility of regulating the market. Now, CNBC India has revealed that the Indian government committee has ruled in favor of regulating Bitcoin. Mohit Kalra, CEO of Coinsecure, a Bitcoin exchange in India, said in a previous interview:
“Finally, something positive for the industry. Authorities are now taking this technology seriously. We have been trying to get their attention for years now. I am glad it's all happening at the right time. At Coinsecure, we are seeing a massive increase in the number of users and volumes. We are positive with what will happen in these coming three months.”