India’s Gov’t Asks Public About Virtual Currencies
India could legalize Bitcoin in the near future as feedback from citizens and businesses appears to be in support of regulating virtual currencies.
from bitcoinist news section -
The areas polled are: whether Virtual Currencies (VCs) should be banned, regulated or observed? In case VCs are suggested to be regulated, then what measures should be taken to ensure consumer protection, promote development and also which institution should be monitoring and regulating them?
It seems that every altcoin has its difficulties to scaling up, mostly the solution is POS.But it is hard to control the speed of the inflation in POS, so lastly a new altcoin will come to the market for alleviating the problem. It is just a vicious cycle....
Let's see if govt takes some quick steps and legalize the cryptocurrncies or at least Bitcoin! That would start a new revolution in terms of payment and investment in India :-)
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