India to classify bitcoin as asset class

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Actually there's no update on that yet, I guess. The article looks speculative rather than news. :/
Fingers crossed though, it will be the next big thing for Indian economy I believe.
 
Gogol said:
Actually there's no update on that yet, I guess. The article looks speculative rather than news. :/
Fingers crossed though, it will be the next big thing for Indian economy I believe.
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If this happens for real, I will be also be benefitted a lot.
 
You guys are blind because of greed.
India was ALWAYS one of the leading countries to implement full virtual money.
Bitcoin is just a tool to accomplish it.
500 Rupees are already banned.
Once the governmental virtual money will be implemented paper money will disappear and indias habbits to avoid taxation will be no more possible.
 
AU369 said:
You guys are blind because of greed.
India was ALWAYS one of the leading countries to implement full virtual money.
Bitcoin is just a tool to accomplish it.
500 Rupees are already banned.
Once the governmental virtual money will be implemented paper money will disappear and indias habbits to avoid taxation will be no more possible.
Click to expand...
500 is not banned. There's just a newer currency bill.
Also, India is decades away from going paperless. Majority of our population still lives in tier 2, tier 3 cities and villages. They're not going to use virtual money for years to come.
 
NirvanaWolf said:
500 is not banned. There's just a newer currency bill.
Also, India is decades away from going paperless. Majority of our population still lives in tier 2, tier 3 cities and villages. They're not going to use virtual money for years to come.
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Main argument to provide virtual money is bad money distribution.
Why US officaly wants to provide each citizen a note bank wallet ?
Because the distribution of aid money is working badly ?

And i recommend reading governmental reports instead of news fud.India always was one leading country in crypto even in storing citizens data in crypto.
 
This is not sure to happen but will be great if happens.
 
Am sure many will follow. El salvador implementation is a big step forward, just not as hyped as tesla accepting bitcoin payments lol which sent the prices of bitcoin to the moon as they call it
 
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