Wednesday, 17 May 2017

Growth of Bitcoin in India

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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