.
On June 20, CNBC India announced that the Indian government committee has ruled in favor of regulating Bitcoin and is currently establishing a task force to create various regulatory frameworks with the aim of fully legalizing Bitcoin in the short-term.
Leading Bitcoin exchange Zebpay has revealed that the Indian government committee has ruled in favor of regulating Bitcoin.
On April 14, Cointelegraph reported that the Inter-Disciplinary Committee within India’s Ministry of Finance was actively investigating the legal status of Bitcoin and considering the possibility of regulating the market
Where to Buy Bitcoin In India ?
Unocoin => https://www.unocoin.com
Zebpay => https://www.zebpay.com
Coinsecure => https://www.coinsecure.in
CoinMama => https://www.coinmama.com/
Mohit Kalra, CEO of Coinsecur said:
“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.”
IN USA
The U.S. Treasury classified bitcoin as a convertible decentralized virtual currency in 2013. The Commodity Futures Trading Commission, CFTC, classified bitcoin as a commodity in September 2015. Per IRS, bitcoin is taxed as a property.
In September 2016, a federal judge ruled that "Bitcoins are funds within the plain meaning of that term".
Source :
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
All the best Indian .. Now you can officially buy it :-)
WOW $3K for BTC tomorrow!
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Looking forward to seeing how this influences the price of BTC! This is a step towards what should be a new global precedent in legal btc...
Especially a hugely populated place like India! Nice!
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If India and China adopt Bitcoin , then definilty 1 BTC = $10,00,000
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Did you mean $10,000 ? or $1,000,000??
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Huge step for India
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great to hear that if it does the prices of bitcoin will be $5k very soon
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wow that is indeed great news ;)
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Thank you for sharing
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This should make cryptos skyrocket.
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Hopefully it gains traction in other parts of the world. Huge step! Very excited for the BTC community
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As an Indian, this news is really encouraging one for me. Thanks for sharing.
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Awosome !!
it's good ~~
thank you for good posting~
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Awesome this is evolving!
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Great post and thanks for following me.
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Wowwwww amazing 😎😘😘
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
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yes ! that where I first got that article. I am checking Indian offcial site to get more .I will post once I get it
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