03 Sep '13, 1pm

Bitcoin in India: Drivers and Barriers to Adoption

Bitcoin in India: Drivers and Barriers to Adoption

With talk of inflation and capital controls familiar to the bitcoin community, one might think Indian citizens would be jumping at the opportunity to adopt the digital currency, yet the hurdles to wide-scale bitcoin proliferation in India may be significant for the foreseeable future. While demand for gold has grown in India, the multiple applications it offers culturally and industrially in addition to acting as an alternative store of wealth may mean that such demand does not translate to bitcoin. The country also faces a number of potential technological and regulatory concerns before bitcoin can achieve broad acceptance.

Full article: http://thegenesisblock.com/bitcoin-in-india-drivers-and-b...

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