Bitcoin is on the move once again due to INDIA. It looks like Indians are flocking to crypto currency machines and are buying online. This will push crypto currencies up in a HUGE way. THE LEGALIZATION OF Crypto currency as an OFFICIAL Currency in INDIA. Wow, just WOW!
This quoted from Zero Hedge (Article from Zero Hedge is also linked under the quote. WOW!
"The legalization of Bitcoin in India
In spite of the negative attitude of certain politicians, the Indian government has come to a decision to regulate the market and provide an even playing field for Bitcoin exchanges that have allocated a significant amount of resources to standardize the market and industry.
Back in April, Mohit Kalra, CEO of Coinsecure, one of the largest Bitcoin exchanges in India, told Cointelegraph in an interview that the Indian government has finally started to take Bitcoin seriously and are considering the possibility of regulating the market.
Kalra said:
“Finally, something positive for the industry. Authorities are now taking this technology seriously. We have been trying to get their attention for years now. I am glad it's all happening at the right time. At Coinsecure, we are seeing a massive increase in the number of users and volumes. We are positive with what will happen in these coming three months.”
On June 20, CNBC India announced that the Indian government committee has ruled in favor of regulating Bitcoin and is currently establishing a task force to create various regulatory frameworks with the aim of fully legalizing Bitcoin in the short-term.
Prior to the announcement of the Indian government, Chris Burniske, ARK Invest’s crypto lead, noted that the trading volumes in India have been on the rise. Burniske previously revealed that the Indian Bitcoin exchange market is responsible for processing around 11 percent of Bitcoin-to-USD trades."
http://www.zerohedge.com/news/2017-06-20/bitcoin-surges-back-above-2700-india-legalizes-cryptocurrency
Thanks for checking out my post. Bitcoin has a BRIGHT future ahead. Cheers.
Bitcoin has a bright future indeed. It's good to see it grow on a global scale and it's just a matter of time for other countries to follow in the footsteps of Japan and India. Thanks for sharing!
Thanks for posting. I absolutely agree. Cheers.
sweet news for sure ...more to come
You know, I really believe that India was a test case for the World Powers. I've been watching their Government getting rid of their higher paper bills over a short period of time. Now, this happens. Countries will soon follow. Exciting yet a little scary too. Cheers.
scary times ahead for sure and exciting ..i like the exciting part lol
Me too.
Hey, teaching my kids the same stuff. They have their own little stacks, though they did lose an oz once. I'll give them a lot of trouble when that oz is worth $1000.
You are a VERY smart parent. Awesome.
I'm trying to make up for what I was taught at her age: that we needed an "independent organization" to set the interest rate so that the president didn't lower it to get himself reelected.
I know. If only our parents had told us to collect silver dimes and quarters when we were kids. I remember getting them in change all the time at the store.
Thing is, his dad knew. He bought two rolls of silver quarter every year. He died when he was pretty young though.
Fake news indian government didn't legalize cryptocurrency
http://m.economictimes.com/news/economy/policy/government-steps-up-vigil-on-bitcoin-transactions/articleshow/58911702.cms
Bitcoin is back on Track to Smash Through $3000 or more over the next day or two..................
Probably so. Wow!
I was just looking to see what the conversion rate was for Bitcoin versus the Indian Rupee. This article could not have come at a more appropriate time. I'm excited about the future of cryptocurrencies. I'm glad India is legalizing them.
Awesome. Glad i has helped. Have a great day.
Thanks. I have a friend who visited India (Tiru) some time back and reported that she had difficulty getting cash out of the ATM their. She said there were long lines and a lot of upset people. Doing away with the larger Rs. notes were supposed to help curtain the launderers and counterfeiters but who knows if it has worked or not. Then she said the tax agency was given more leniency than ever before to waltz-up into someone's home and take their family heirlooms (gold jewelry, etc.). Wow, right?!!
Wow. Crypto is being forced into society. Governments doing away with cash.. sad.
yup I put that on and made a measly .29
I just got up and looked at Zero hedge. I'll go check your site out.
I upvote u all the time! Good luck in your posting!
Thanks. I appreciate it. Just upvoted some of your posts as well.
Noice
Yep. For sure.
People rushing to buy Bitcoin
Guys Bitcoin is showing signs of weakness be careful if you are trading it and be nimble. Check my brief analysis on what I think could happen in Bitcoin
I am from India ....its really great to hear such positive news from our government :)
USEFUL POSTING !! I FOLLOW U
It's great to start having support for crypto in markets such as big as India. If you like traveling or eating good foods follow me @livelikemarco