Quote from: A Feeder on May 22, 2018, 09:52:33 AM

Quote from: IdVerification on July 15, 2017, 04:17:56 AM

"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.

Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."

This is great news. Now people can utilize their tokens or earn from it. I have no idea how the government illegalize bitcoin or any other cryptocurrency. I do not think there is wrong in using it because it is a part of technology that we invented.

Yes, of course now many countries are already legally allowed to use cryptocurrency in the world, many people like taok, maybe because of the convenience in the application.