Re: BitCoin in India

Do people In India use bitcoin? Is It Legal There ??

Something is legal until it is labelled as illegal. No authority in India has labelled BTC as illegal, so YES it is legal as of now.

The usage is not that great if you're talking about spending BTC in day-to-day use. But yes, people have been trading and HODLING bitcoins a lot for monetary gains.

Everyone spends time to make some monetary gains and other than that what is the real purpose in it.The government of India really prompted the people to start using bitcoin by implementing useless rules and regulation regarding the fiat and in turn people started investing in bitcoin.

When did they start encouraging people to use bitcoin?there is no way they will do it .yup our government has introduced cashless payment and is promoting it but not cryptocurrency.it will take a long time that majority of people will know about bitcoin/altcoins.