Quote from: Spaffin on July 29, 2018, 05:49:10 AM

Quote from: ThiruBTC on February 06, 2018, 07:23:26 AM

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?

I think that in India in the near future things will change for the better. Recently, a special commission set up by the Government of India concluded that bitcoin could be considered a means of payment, that is, act as money. This dramatically changes the situation in favor of the crypto currency. It remains to wait until the government draws up such a decision with its normative act.

Is this for real? When I look on localbitcoins.com it looks like a graveyard in India. No one is trading anymore. A friend of mine said he got in touch with a local agency buying and selling for 12.5% commission. That's absurd! Probably because the banks are afraid to touch it.

Does anyone know if people are still exchanging crypto inside of the country? Or have they all fled to Bangladesh and Nepal?