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.
There was only one member of ruling party who strongly oppose bitcoin by saying it as a ponzi scheme.Pity on him.He don't have enough knowledge about bitcoin.But good news is that india has shown green flag to bitcoin suddenly.Here is the link.
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-indiaYeah! Great move for India and another great milestone for bitcoin.
Wishing for more countries to open up for this great technology. Countries actually found themselves in a position to really consider the case of bitcoin with seriousness as its use is becoming widespread across the globe. Hotels, airlines, and others are slowly raising their green flags for bitcoin payments. Soon, shopping will be easier to do for bitcoin users.