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In spite of the negative attitude of certain politicians, the Indian government has come to a decision to regulate the market and provide an even playing field for Bitcoin exchanges that have allocated a significant amount of resources to standardize the market and industry.
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However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin.
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India May Recognize Bitcoin Before Summer And Tax It. A translated version of the news broadcast (originally in Hindi but translated for the Cointelegraph) says.The stratospheric rise in the value of bitcoins, the digital currency transacted on the Internet, over the last couple of weeks has sparked fresh interest...
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Bitcoins have come into the news after years of existence only because their monetary value has been going up.Indians Can Soon Shop Online Using Bitcoins With trading companies offering bill payments at a very low transaction cost of less than one per cent, the virtual.