Did they finalize things,i just hear rumors that so and so will be implemented and the final news i heard is that they are planning to charge a tax for bitcoin like they do with gold and if that is the case the government will benefit but there wont be much benefit for the bitcoin users.
That's exactly what Australia and Japan weren't getting rid of so if that's really the case then India is well behind on their laws.
it is good that many countries are now interested on it. but the thing is they will put taxes on it and they will pass a law regarding it, and bitcoin will not be anonymous , it will be known by the government already. i think it is the cons.
It's good to see bitcoin is approved by many countries. If all the countries accept the bitcoin means ,all the online transaction will be made by Bitcoin. Henceforth the price of bitcoin will keeps on increase day to day.Then we can use bitcoin as a legal currency. At last bitcoin will replace the dollar.