Effect has now started taking place as RBI declared it a cautionary thing, as they mentioned that no site is authorized by them.
As a precautionary measure the first site in India for bitcoins (https://buysellbitco.in/) will be down till further notice from RBI.
Well probably will India follow the China route of banning it?
Topic: What will be the effect of RBI's warning? - page 2. (Read 1357 times)
Well certainly a cautionary note put by RBI, is a point to think. If there is any wrong doing that take place from Bitcon or a theft of Bitcoins will certainly put the RBI on top and only thing they would be doing will be banning it rather then having some framework or laws to be made which will take a long time in process.
Let us hope for the best.
Let us hope for the best.
More publicity is all.
Ah! Government is trying to scare away people interested in VC. Instead, they're creating larger interest. Seems like government doesn't understand human psychology. When you tell people not to do- indirectly you're peeking their interest. Those people, who were skeptic of VC will now read more about it, and will be indulged in quicksand philosophy of VC instantly.
God save my Indian on Christmas!
More publicity is all.
I'm anxious to know implications of RBI's warning on virtual currency specially on traders.
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