Since i am from India, i am sure a lot people will involve once bitcoin show some boost.
It just need to be displayed on local TV channels, & also need some bubbles.
From India, only way to send money legally is through bank only. The Income Tax dept is very strict now to capture black money.
So, for even to send through paypal, have to deposit money to bank which has transaction with paypal.
But paypal is very arrogant nowadays abusing guidelines given by RBI & telling it customers that RBI restricting money transfer, which is actually not.
Another way is to use LRUSD. But that have to be bought & send & many dont accept LRUSD.
Else illegal ways like HAWALA.
Bitcoin is a very easy method to transfer funds.
i am considering this example will most use in future to transfer money.
deposit to bank money, buy bitcoins, send bitcoins to some trust worthy in forums, from them send to any one in the world through WU, money gram.......even to banks directly, which will reduce expensive transfer cost middle banks take for direct international money transfer.
It just need to be displayed on local TV channels, & also need some bubbles.
From India, only way to send money legally is through bank only. The Income Tax dept is very strict now to capture black money.
So, for even to send through paypal, have to deposit money to bank which has transaction with paypal.
But paypal is very arrogant nowadays abusing guidelines given by RBI & telling it customers that RBI restricting money transfer, which is actually not.
Another way is to use LRUSD. But that have to be bought & send & many dont accept LRUSD.
Else illegal ways like HAWALA.
Bitcoin is a very easy method to transfer funds.
i am considering this example will most use in future to transfer money.
deposit to bank money, buy bitcoins, send bitcoins to some trust worthy in forums, from them send to any one in the world through WU, money gram.......even to banks directly, which will reduce expensive transfer cost middle banks take for direct international money transfer.
The real problem you're overlooking is BTC exchange. Local authorities can regulate and shut them down if needed. If you want to think of restrictions? , you should think of China.
Unless you can have a black market for bitcoins in India, you're being short sighted.
