29 Apr '17, 3am

via @BTCTN

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Over the past few years, India and bitcoin has had a positive relationship as the decentralized currency has grown in popularity within the country. Now a few regional news outlets are reporting that India’s government may be preparing to legalize and regulate bitcoin as a form of payment this summer. Also read: Markets Update: Bitcoin Price Rise Climbs to Uncharted Territory A Verdict Deciding the Future Legality of Bitcoin in India According to local news reports and India’s CNBC broadcast , Indian government officials are in the process of possibly giving bitcoin legal status. Just recently India’s parliamentary inter-ministerial committee held its first meeting to discuss bitcoin and virtual currency use in the country. Authorities have noticed the vast volumes of bitcoin being traded by Indian citizens lately. The Indian publication Money Control reported that a membe...

Full article: https://news.bitcoin.com/indias-government-may-be-prepari...

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