Bitcoins legal in India. Ban burn or exchange.

in #news7 years ago (edited)

No demonetisation ever going to effect the Indians anymore
The Indian websites started receiving about 5000 registrations a day each website.

The legalisation is going to massively increase the volume.

Investors are going to like it and the Indian politicians are going to be liking it even more.

Earlier they banned the 500 and 1000 rs notes to get rid of the black money. All the black money was converted into new currencies by the black money holders. Now all that black money is getting anonymously transferred to dubai to get the coins at a much cheaper rate in bulk. I have spoken to some associates in dubai who give to India at a cheaper price than the Indian market.

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