Re: India to legalize bitcoin

i think is very good information if india country ready regulation bitcoin
but is not big impact to bitcoin price, if USA reagulated bitcoin, is very big impact to bitcoin price
because USA super power country, and big exchanger from USA, sample poloniex, bittrex and coinbase

India is a huge country that can have a significant affect on bitcoin. There will likely be investors in that country wanting to buy some and potentially new businesses developing from that country. The more people that demand bitcoins, the higher the price will likely go. The same could be said for the altcoins.

Eventhough india is a huge country but I don't think people in their place have the full education about bitcoin which could litteraly bring whole country to be progressive due to bitcoin implementation. They should gain enough knowledge to know more about digital currency in order to develop a lot of interest on this type of system.

If you really understand the essence of this question, then you do not know whether to be happy or not, because the legalization of Bitcoin or other crypto currency, means only one for the user of the crypt, is that he has to pay taxes and realize his income. And this is not everyone you want to do.

Most likely, the government of India is guided only by this when they talk about the legalization of bitcoins. When money in India depreciated, many people started using bitcoin. This greatly upset the government. And now they just want to take control of the Cryptocurrency