Indian Bitcoin Adoption Responds to Government Signalling for Regulation

"The Indian government recently announced that it is in favor of regulating bitcoin. A task force is being set up to provide recommendations."

"Bitcoin’s Popularity in India"

"Now that the government committee has given out a positive vibe about bitcoin, there could be even more new customers flocking around. Undoubtedly, this has been the most exciting time for bitcoin in India.india has second largest economy in the world and this could be change of seen for bitcoin."

"Merchant Adoption"

Unocoin CEO Sathvik Vishwanath said: " We are able to sign up about 20-30 merchants per month to accept bitcoin lately. Our merchant base is quite vast and it spans from flight and bus ticket agents, books and cds merchants, saloons, server space rentals to e-retail merchant vouchers at discounts. I think in near future lots of Indians will adopt bitcoin soon"