In India, a digital currency can be used as a medium of exchange by mutual consent. Legally this can be considered a barter exchange. But for it to gain economy-wide acceptability like cheques, credit cards or digital wallets, it will need some sort of a regulation or a "killer app", such as a widespread goods or service provider accepting it as a payment system. This could be the government itself—highly unlikely anytime soon—accepting payments in Bitcoins (or other digital currencies) or platforms like Flipkart or Amazon. It is unlikely that Bitcoins or other related currencies would become acceptable on a large scale within India in 2018.
2018, the year of Bitcoin? it will be the year of Blockchain
7 years ago by ranjithpvrp (52)
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