If something like that happens it's too good for me. Being an Indian I would always want India to accept bitcoin. But looking at the article I don't feel they are willing to do so. But for the betterment of the society they might. So let's hope for the best
no doubt it will be best for the bitcoiner because India was trying to make it legal from long time and today finally it does happened and I am happy because India is a big country and it has huge population. If the skill and the hard work of the Indians will use for the benefit of the bitcoin then bitcoin will become stronger than before. Watching India making bitcoin legal a lot of other countries will star trying more hard for bitcoin legalization. 
Topic: Bitcoin finally legal in India - page 18. (Read 9531 times)
lol, bitcoin as a pyramid Ponzi scheme 
common that Parliament member wants to just proof that bitcoin is not capable of defeating anything. anyway glad to hear this good news I hope now in India people will start learning about it more and more, some people have already requested me to teach them about crypto currency but as much I know they thing bitcoin is illegal and they have to hide this knowledge from everyone.
common that Parliament member wants to just proof that bitcoin is not capable of defeating anything. anyway glad to hear this good news I hope now in India people will start learning about it more and more, some people have already requested me to teach them about crypto currency but as much I know they thing bitcoin is illegal and they have to hide this knowledge from everyone. 
The crazy thing is that many people in india are low ecducated and they can not communicate with technology. They are still very obsoleted, old and traditional. Well, at least it still can make a small change in the cryptocurrency market. Bitcoin needs to be legalize in many countries, not only india
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
Wow. That really is good news plus that somaiya person lol. Hahahahaha
But really, it is nice to have anoter country legalize bitcoins in their place because it means more countries accepting bitcoins, means people using bitcoins. And if more people use bitcoins, then more will be willing to buy and this will really increase demand and we all know what happen when it does.. yes! That's right pal! Mor e increase in the market's price! That would be great for all the people out there who are sticking with bitcoins.
I think Indian government has just taken steps to regulate the business related to bitcoins, likes bitcoins exchanges and wallet providers. They have not mentioned anything regarding recognizing bitcoins as legal currency. But still its a big step and it will help the Indian bitcoin community to grow faster. Somaiya must be Joker LOL
India is one of the fastest growing countries but I did not expect them to legalize Bitcoin it is still very early and you know what, I think India is very smart for this move. They will be happy about it in the future.
Well this is good news that their country is legalized about bitcoun. They can use bitcoin as businesses, to buy goods as legal in their country. I'm looking forward this to happen also in our country this would also attract more users.
If India is ready and working on it to legalize bitcoin, it is now in the hands of the government what will happen next but of course the citizens has to support it so the government officials will see that it is a must. I hope soon our government will make a move like this, in the future.
I would like to congratulate India on this. See, many countries still do not approve of Bitcoin and some are even looking to make it illegal. India is definitely growing very fast and I expect it to become a superpower in the next few decades for sure.
Just to correct you on this front, India has still not legalize the bitcoin officially yet. there is news that they may but till the government does not declare it legal one cannot assume it to be legal. This is with the draft committee who will propose the legal framework and then it would be known about the govt stand on it.,
India is one of the fastest growing countries but I did not expect them to legalize Bitcoin it is still very early and you know what, I think India is very smart for this move. They will be happy about it in the future.
I would like to congratulate India on this. See, many countries still do not approve of Bitcoin and some are even looking to make it illegal. India is definitely growing very fast and I expect it to become a superpower in the next few decades for sure.
This is such a good news for us as community and the freedom that cryptocurrencies offer to us and the world. I hope it is legit effort and that many investors will recognise this as a signal to poor there money into crypto! 
Legalization of bitcoin, it means an improvement for bitcoin. Because of that, people can doing bitcoin related business without any fare.They also can use it.so,i think that will a speedily processes for other countries to recognise the official bitcoin.
Lol no, legalization of bitcoin is the official acceptance of one country to Bitcoin. It does not relate with free bitcoin transaction but I am sure once Bitcoin is legalized the government will try to control it thus for regulation. With regulation there is a possibility that a tax may or may not be imposed (just like in Japan).
The crazy thing about Bitcoin in India is how much more expensive it is than here in America. Why is it so expensive to buy Bitcoin in India like 10% more than anywhere else?
That is good news for Indian people.Now anyone exchange her btc easily.Bitcoin is very important for all us.But bitcoin is illegal for many country.So congregation India.
I was under the impression that it was always legal in india 
. I wonder how this is going to be affected by the riots that are currently happening there.
. I wonder how this is going to be affected by the riots that are currently happening there. 
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
legalizing bitcoin in some country sounds good because some country study about that if it is good that legalizing in country is good or not, so other country can be legalizing also if it can help or do something good in country.
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
Wow. That really is good news plus that somaiya person lol. Hahahahaha
But really, it is nice to have anoter country legalize bitcoins in their place because it means more countries accepting bitcoins, means people using bitcoins. And if more people use bitcoins, then more will be willing to buy and this will really increase demand and we all know what happen when it does.. yes! That's right pal! More increase in the market's price! That would be great for all the people out there who are sticking with bitcoins.
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
I guess it is another thing or another sign if conquering pf bitcoin in all over the globe as the bitcoin continue its jorney in becoming the world mainstream currency i guess it will continue to be legalize in many continue do adopt in the time. posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
Congratulations to Indian people because they can now use bitcoin as their daily payment. It seems that the bitcoin is now becoming more popular all over the world. I wish that all of the countries will legalize the bitcoin. posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
Is it true ? I just found out. Whether the government actually approves bitcoin. It is one of the great bits of the bitcoin world.
I don't believe in it. The growth of the bitcoin network as well digital currency is found high over the Asian countries, but when it comes to legalized usage I don't think that the government of India gives access to it. Because it has got the increased population, but in terms of technology growth they are still lacking behind other Asian countries such as China and Japan.
That's good news for India, the government has legalized bitcoin, and the good thing the Indian government tightened anti-money pencurisn it is very good, but India's finance minister says bitcoin same as ponzi, it's so funny he can't understand what bitcoin is and what is ponzi, Indian society will be able to explain correctly.
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