14 Aug '13, 10pm

India Takes Hands Off Approach Towards Bitcoin:

India Takes Hands Off Approach Towards Bitcoin:

The second most populated country in the world is stepping up to the plate to consider Bitcoin and provide this digital, decentralized cryptocurrency an opportunity to flourish prior to regulating. With a population of over 1,232,530,000 , India is a hotspot of potential for growth of the Bitcoin currency and community. Right on the top of the list of the most tech-oriented nations, India will take a leap forward should the Reserve Bank of India truly take a hands off approach towards the Bitcoin currency. As the Indian Rupee is calling for attention with higher rates of inflation, the Reserve Bank of India has voiced intentions of increasing the value of the Rupee and just keeping an eye on Bitcoin. With a hands off approach, the Reserve Bank of India, has provided more time for the Bitcoin community in India to advance and expand before any concrete guidelines are put in...

Full article: http://bitcoinmagazine.com/india-takes-a-hands-off-approa...

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