Quote from: BitcoinMoschiach on July 27, 2018, 08:46:11 PM

India Plays with Straight Bat as Law Commission Makes Bitcoin Valid Payment

Indias law reform committee has added virtual currency as a legally accepted payment for settling online transactions.
Law reform decisions are not final but there in an advisory capacity to inform the government. A request was made by the Indian government through the apex court in July 2016 to rule on online gambling.

Read the full article at https://bitcoinnews.com/india-plays-with-straight-bat-as-law-commission-makes-bitcoin-valid-payment/

Video https://www.youtube.com/watch?v=agc7hzFzTFQ

So the Indian government is essentially backtracking on its attempt to outlaw crypto by legalizing it as a gambling tool? I'm not too sure this makes sense to me. Either it's too far out there or I just didn't find the logical relation between the two actions.

Just a few weeks ago they were trying to ban it from all banks because it wasn't a legal tender. Maybe one influential individual decided that the only way to transact in India was through bitcoin, so they needed another way to cover their story and decided to cover it this way? Or they just want to find another way to collect tax? Anything is possible in India, isn't it?