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RE: Bitcoin Surges Back to $2800 As India "Legalizes" Cryptocurrency
Glad to see that governments are now opening up to cryptocurrencies. It is just a matter of time before we can actually use bitcoin or any other cryptos in replacing fiat currencies.
I hope that it will come soon😀
Sooner or later all Govts. has to accept cryptocurrency and bitcoin is the first step. Crypto is a fact no longer can be denied.
And once we 'cross the chasm', it will be a great wave of adoption until reaching maturity. So much more people connected to each other with the ability to transact over the Internet. Imagine the possibilities.
I think we all agree on that, and I truely wish that from the bottom of my heart. For now, bitcoin isn't much of a threat with only 40% of a $100 billion market. It's not even a drop of rain in the huge multi-trillion dollar markets. The big hitters on Wallstreet and Washington D.C. don't feel threatened for now and "experts" chuckle when they talk about bitcoin (CNBC). But as bitcoin and altcoins gain more and more momentum, that's when we'll see some heavy resistance.
India is a big country in terms of cryptocurrency investors and fans.
I think this is a wise decision to legalize bitcoin because it could be of the key factors to fight poverty in india.
If china and USA does the same thing as India(Legalizing Bitcoin) I can see Bitcoin traded at $10k very very soon.
Good luck crypto community.
It is already usable in Japan and South Korea
...now India ..and soon world wide
***** unstoppable
amen!
Bitcoin is not legal in India still now its being monitor by Indian government before deciding, If regulator Is needed for bitcoin.
I am from India and there no such official news from govt.
https://news.bitcoin.com/indian-government-to-monitor-bitcoin-before-deciding-if-regulator-is-needed/?utm_source=dlvr.it&utm_medium=twitter
agreed