Quote from: Xester on March 30, 2017, 12:11:58 PM

Quote from: Wapinter on March 30, 2017, 11:02:19 AM

Quote from: buysellbitcoin on March 30, 2017, 10:41:01 AM

Quote from: FiiNALiZE on March 30, 2017, 10:33:13 AM

Pretty interesting concept but I don't think that this will do anything towards getting Bitcoin legalized. The customers that pay for goods and use Bitcoin while doing so don't really need to have a Government saying that Bitcoin is legal or not. Plus with the rates of most exchanges, it's pretty expensive to purchase Bitcoin.
Bitcoins could get used by many people without the need of the petition being signed, this looks like a subliminal Bitcoin census and I am against that.

One of the problem with regulators is that they sometimes do not know how many legit users and normal people are using it. This may help them to find that. We can try, thats what we can do.

Regards

How many?I assume in India bitcoin is hardly used by any criminals for their criminal activities.
One of the prime concern of government is that bitcoin is used to fund terrorism.
Do they have any supportive evidence to support their assertions?.

What the Indian government is afraid of is not the use of bitcoin but the potential impact of bitcoin use against national security. Possibly they have not yet find ways to counter or to avoid the use of bitcoin in illegal ways. If they can find ways of regulating bitcoin so they will not be used illegally then possibly they will approve bitcoin after proper rules is made.

They can disallow any non-institutional selling or purchasing of bitcoin illegal.
If anyone want to use it,he be made to keep the records of buying, selling or even spending bitcoin than declaring it illegal.