Wow, this is quite foolish of the government. The amount of revenue that can flow into India via bitcoin trading can only be imagined in the next one year if it was allowed to thrive unhindered. It's actions like this that caused china to lose out on being at the fore of a new global border-less economy with fluid liquidity the world has never seen. An act they will forever regret. I hope India doesn't do same because like Victor Hugo said: You cannot stop an idea whose time has come.
I like your firepower so i followed.
It's a short term regulation. It won't last longer. They vl begin transactions soon.
True that. I don't think they will do it. Just make a show of force now and then that's all.
I really hope so. India needs all the new surge in their economy that bitcoin brings with it, with a population that huge they ought to swing open the doors like Japan.
i also like his firepower. i love the update