Quote from: michellee on September 05, 2019, 04:40:13 AM

Quote from: vintages on September 04, 2019, 09:18:05 PM

Economic growth might be possible of India consider cryptocurrency.
However, the concerning point is, will the government accept it into the country system?
It is one thing for the citizens to use and hold Bitcoin but it is another thing for legalisation of this digital currency to take place.
I feel it will impact in the economy more if the government takes interest in it.

If the government really concern with their people, they can accept cryptocurrency and allow them to search for a new source income. I am sure that people in India will thank you to the government because they can try to get the money from the new source and the best is they can get a better life with that money. If people can get a better life, that will reduce poverty in that country, and the economy in that country will be growth.

To be honest, the issue here is not related to accepting or not accepting cryptocurrencies because the crypto platform is unstoppable, people can always use it very easily as long as they have an internet connection, crypto is not a government product, the government cannot ban people from using it, Indian people can use crypto very normally without government permission. However, India's economy is slow in relation to people's knowledge level and development strategy, crypto is hard to solve this problem