Quote from: Kprawn on June 10, 2017, 11:32:12 AM

Quote from: Vasu Dev on June 09, 2017, 08:29:34 PM

The Indian government is currently deciding whether to regulate Bitcoin. Meanwhile, some Parliament members are working towards cracking down on illegal activities involving the digital currency.

Legitimate Bitcoin Businesses vs Pyramid Schemes

The governments efforts could be primarily aimed at pyramid schemes, rather than legitimate bitcoin exchanges and businesses.

Please provide the link to your source. We have seen India asking input for regulation to govern Bitcoin, which is a good start. The government

has a obligation to protect their consumers against economic crimes like Pyramid Schemes and/or MLM schemes. I just hope they will leave some

room for legitimate users to grow their normal businesses. We have seen what happened with Bitcoin when they over regulate it. {BitLicense} Angry

But what kind of regulations would they make though? If it is to limit Bitcoin by trying to ID users with their coins somehow and also put capital controls on it then no. It would be better to have no regulations.