It is very positive news for the developing country like India where there is tremendous potential as compared to that of saturated economies. I believe we are going to see something positive steps from the government side which will make the usage of bitcoin and other cryptocurrencies very easy.
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On Bitcoin, India's Government And Tech Companies Find Common Ground.
I am pleased to know that despite attempts of painting bitcoin in the negative shade, the government is not taking any hard and fast decision. Let's hope the best.
If more and more countries can accept bitcoin and make a regulation about the use of bitcoin in the country of course this is very positive news. With this bitcoin more reliable and more widely used by people. India is a developing country with a large population. This is very beneficial because the existence of bitcoin will grow rapidly in India. We must wait until this news really happened and India apply it.