Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation

Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation

A prominent Indian economist believes that bitcoin needs to be regulated in India before it will become a legal currency. In a Q&A interview with the Economic Times, Dr S.P. Sharma, chief economist at the PHP Chamber of Commerce and Industry, was questioned on whether he thought bitcoin would be accepted legally in the country. […]

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The Indian Government is Considering its Own Cryptocurrency

The Indian Government is Considering its Own Cryptocurrency

The Indian government is reportedly considering its own digital currency, similar to bitcoin. The central government of India has discussed the proposal with a committee of government officials, according to an unnamed source, reports the Business Standard. As India’s central bank believes that digital currencies are ‘susceptible to misuse’ the government is looking at a […]

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India’s Central Bank Says Digital Currencies Are ‘Susceptible to Misuse’

India’s Central Bank Says Digital Currencies Are ‘Susceptible to Misuse’

India’s central bank has said to a parliamentary committee that digital currencies are ‘susceptible to misuse or abuse.’ In March, India’s finance ministry set up an interdisciplinary committee tasked with looking into cryptocurrencies such as bitcoin after they had become ‘a cause for concern.’ Tasks included determining the status of digital currencies in India and […]

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