In India, Bitcoin is not a legal tender. But it is not explicitly termed as illegal. What is the reason for such a stand by Government? what are its implications?
There should be a good change in the coming months after the last hearing in supreme court. Bitcoin may be cobsidered as a commodity in future in India. This qould be most welcimed where instead of prohibiting, accepting bitcoin to be an asset. This could develope the nation as well as will not intrupt banking system.