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Board Legal
Re: Finally India PM accepts the adaptation of BITCOIN
by
marcbitcoins
on 21/02/2018, 04:32:04 UTC
Glad to see this information coming from our Prime minister. 🙏 We can see India's first decentralized network of solar energy using blockchain.  The solution will change how India is using solar power. That's good to hear.

But i got some points also

They said, cryptocurrencies are not legal tender.. you can't go and buy mango with cryptocurrencies. You can trade them, store as an asset.


Quote
Disruptive technologies such as Block-chain and the Internet of Things, will have a profound impact in the way we live and work. They will require rapid adaptation in our workplaces: PM @narendramodi

You can check this >>
India's PM Tweets

I think the PM just recognized crypto currencies as an investment but not as a direct tender to buy goods directly which is true because Bitcoin is not a physical money that can be easily to use. If they will start recognizing the Bitcoin i believed the next announcement will be the regulation so that they could collect tax and Bitcoin cannot be use in illegal activities. So therefore this progress is very common to other nations that after refusing they will accept it and regulate it in the end.