However, chances of legalising currencies like bitcoins are very bleak, the official said. On the other hand, banning bitcoins is not easy. Simply because one doesn't know who is trading or operating it, he explained.
"We may monitor these currencies for some time and then see how it progresses. It can then be concluded if at all there is a need for a regulator, the official said.
I can't believe how fast I jumped into this. Thank you for sharing this. It was an honest, and embarrassing mistake on my part to be praising the convoluted news in some threads.
So I've read the article, and it seems there isn't a legalization at all - but a monitoring, followed by a regulation if they see what they needed to see. It's not at all considered to be a phase of legal adoption.
But maybe to stretch it's the first few steps towards the legalization? Who knows. Only time will tell as usual.