Bitcoins price has just reached 2,700$ and it isn't a coincidence that it happend a day after legalization of bitcoin in india.
Bitcoin has been an illegal currency in India until now to prevent money laundering. On march 24 Bitcoin was described as a ponzi scheme by Kirit Somaiya, who was harshly criticized for not understanding the differences between Bitcon and a ponzi scheme.
After lots of discussions about the legalizations of bitcoin, in spite the negative attitude and opinion of certen politicians, the Indian goverment came to a decicion to start taking bitcoin seriously and concider regulating the market.
Mohit Kalra, CEO of Coinsecure in an iterview with Cointelegraph:
“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.”
Yesterday, on june 20, CNBC India announced that the Indian government committee, has made Bitcoin a regulated market in india, helping Bitcoin reach 2,700$.
Congratulations @orinklev! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPBy upvoting this notification, you can help all Steemit users. Learn how here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the post. I was wondering what the rise yesterday was for but didn't have a lot of time to look into it. Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's a pleasure!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
upvoted your post dear
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks (: i will do the same for you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thnxx dear
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I hadn't heard this before now. I wonder how high the price will go this time :)
Thanks @orinklev
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
it's a pleasure (: I beleive it will rise a lot more when autralia accept it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
How are they able to regulate it?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They aren't really able to because it's blockchain, but I guess it effects people's opinions in the country and companies...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit