Arun Jaitley our very own finance minister today said in budget that Bitcoin will not be allowed to be a legal tender.
The guy who told cash crunch would be over within 5 days of demonetization. I wouldn't trust him a bit.
Many shops where I live use eclairs as legal tender for small change
I hope I have contributed a bit in removing the FUD.
You have. But the FUD will be going on until the government sets clear rules for the exchanges to work on. Recently Banks have started to part ways with many Crypto exchanges making it harder for people to withdraw the money. Its clear RBI won't ever allow decentralized currency in any form. They are not clearing their stand whether trading in bitcoin is legal or illegal. Wish something like South Korea would have happened in India.
Hahaha...Eclairs...Good one.
Most of the Indian investors doesn't know much about bitcoin and just buying it coz it's in trend. They have no intentions to use it as a currency, they just want to double their investment and Exit from the market. This FUD created in INDIA has kicked all such weak hands from crypto market and I think Bitcoin will come back with double force now.