"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-indiaBitcoin 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."
Wow! thats a great news,and this is good for the people of india,and we know that there's so many indian people are benefited of this good decision into there government,even there some parliament groups or critics in india thats they compared its a ponzi scheme,even they know the real purpose of digital currency into the growth of economy,actualy theres are saying that we cannot please everybody to make them happy,only we can do to is to create in our own destiny,so therefore by this decision into the country of india,i know people of india celebrate it,especially those bitcoin investor.