You mean the Indian PM accepted the adoption of the blockchain technology -- not Bitcoin itself, which is just one of its many possible applications. It looks like a lot of the replies are confused about this fact too.
They said, cryptocurrencies are not legal tender.. you can't go and buy mango with cryptocurrencies. You can trade them, store as an asset.
So like Indonesia, basically? It's going to hurt Bitcoin's future as a currency, but I suppose we're a long way off from that anyway so there's plenty of time for them to reconsider their stance. It's much better than a ban, at least.
As long they are still banning it then it would be still just fine. Title is somehow misleading yet it is not really pertaining about bitcoin accepts its adaptation yet its mentioning about blockchain technology which isn't really a surprising thing that it would be adopted since we do all know how blockchain technology would really be helpful in any aspects when it comes to data transferring or whatsoever.Consideration of bitcoins or any other cryptocurrencies as a legal tender isn't really possible and would pass lots of debates.