Quote from: audaciousbeing on August 06, 2018, 02:48:08 PM

Quote from: GetbitcoinsIo on August 01, 2018, 03:53:55 PM

According to a legal report released in July 2018, the countrys lawmakers are considering legalizing the multi-million dollar sports betting industry naming cryptocurrencies as a legally acceptable payment method akin to credit and debit cards.

Read more: https://cryptolo.io/cryptoblog/index.php/report-india-showing-signs-it-may-legalize-cryptocurrency-payments/

Personally, until I see some solid process in place towards the implementation of this, its safe to say its mere speculation. There have been several reports from several countries from Russia, China, United States and now India but at the end of the day there is nothing that comes out of it when the appetite of people have been wet already. The other part which is the sport gambling that is giving room for this speculation can surely be independent of crypto because since time immemorial, people have been gambling and they have been doing it without crypto so eventually if the country decides to legalize crypto due to the amount of resources they are losing from that end, they sure can do it and still outlaw crypto since that is the statement they have been trying to get out for a while now.

But this time India is going more promising to legalize the crypto currencies because they know that it will give lot of revenue to them and I heard that the condition is almost to the side of the crypto currencies maybe the RBI will involve and postpone the results but definitely we will get the legalization status in this ed of the year.