Bitcoin has covered the vast space in the Indian
market. The growth and the popularity of the digital currency are increasing
every day with its price going up and down. There are the chances that Indian
government will be regulating bitcoin in India.
The verdict will be coming soon this summer from the
committee established by Indian government that includes different
government department’s representative such as Finance Ministry, Department of
Revenue, Department of Economic Affairs, Department of Financial Services,
Ministry of Home Affairs, Ministry of Electronics and Information Technology,
Reserve Bank of India, NITI Aayog and State Bank of India.
There are the chances that India
will be coming out as a great user of bitcoin and other cryptocurrencies in
coming years. As per the reports and analysis in India, the demand for the
bitcoin has been increasing since the demonetization exercise started in
the nation. The increasing demand is vice versa records the rise in price.
The bitcoin trading in the best
bitcoin exchange in India has been increasing with the investors who see the
digital currency as an investment asset.
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