Quote from: KingOfWinterfell01 on May 25, 2018, 11:34:53 PM

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."

Great news! A better expansion in Asia is at hand and thank you, India for making opening your doors to investors and enthusiasts alike who, I hope, that are willing to make a difference in the industry of monetary systems and I hope as well bitcoins unite the world.

With citizens second largest maiden who has now reached over 1 billion then India's potential is huge, I'm sure that this will make bitcoin prices soon skyrocket in the near future so keep buying is a must we do.