IMO comparing Paypal or Paytm with Bitcoins is comparing Apples to Oranges. Palpal isn't illegal nor unauthorized. The reason they were able to impose regulatory restrictions on Paypal because it was a centralized and they could warn/suspend an organization.
I never mentioned that i am comparing any of these to bitcoins . I just wanted you guyz to know how strict our govt is.
Ummm, coz it already IS and governments around the world have found a way to make bitcoin work under regulations.
Mate BTC is not legal in India as for now .
If government is lesser concerned about earning through bitcoins, the greater concern is money laundering. Govt. does not earn through corruption money . Govt. is still learning the pros and cons. that is why the assessment committee was created.
Probably you dont know how India runs
Breaking News!! They are already doing it! Coz bitcoin is not illegal for now. Indian exchanges are paying their taxes every year on every transaction.
They have to pay taxes anyhow , bcoz they are a company
Yes are waiting coz there hasn't been a strong verdict from govt. RBI did issue warnings but never a circular stating complete consensus or ban. So first verdict will give a data point to speculate course of action from govt. Oh and btw you can't say 'it won't get legal' because it already is.
Its a long run for country that lacks education , literacy , digitalisation .
The pace and limits of Paytm is irrelevant to bitcoin here.
Again I never relate paytm to btc , I just want to let know how strict govt is in terms of economy .
