Post
Topic
Board Bitcoin Discussion
Re: Future of Bitcoin in India
by
chickenado
on 01/11/2018, 23:09:37 UTC
I saw information that Indian government is considering launching its own cryptocurrency and that the executive director of the Reserve Bank of India at a recent conference stressed that the agency is not planning to consider Bitcoin as the national cryptocurrency. Officials are not sure about the reliability of Bitcoin as a currency, and reports about the use of digital coins for money laundering and terrorist financing cast a shadow on the reputation of the first cryptocurrency. Bitcoin is also viewed with suspicion because it is not regulated within the framework of the monetary policy of the government of any country, and its price is subject to considerable fluctuations. So I think everything will be limited to the launch of its cryptocurrency. And as for me, these are worthy decisions at the level of the government, while other states are not at all ready to accept cryptocurrency ...  Wink
The government also have a point to to study and be hesitant about  bitcoin, as  part of the process, in implementing, laws but I think in the end up adaptation of bitcoin is as an ultimate decision.