Post
Topic
Board India
Re: AxisBank Tweets About Bitcoin ATM
by
polynesia
on 26/07/2014, 07:01:25 UTC
I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.  Smiley
cola is not virtual currency Tongue

The jury is out on bitcoin classification.
Is it a currency? Is it property? Or is it just a collectible?
The government would need to clarify this. The rest would then follow.