Bitcoin officialy Legal in India!

in #bitcoin7 years ago

If you remember before the crazy rally India was the first country to have 1000 USD which was a premium back then.

Later they had 2000 USD along with Korea when nobody else had and my prediction of the raise based on this was right - original post here https://steemit.com/bitcoin/@kingscrown/bitcoin-in-india-and-korea-at-2000-usd-will-world-follow

Status of BTC in India was still not known and BJP's Kirit Somaiya (ruling party in India) tried to make BTC look like ponzi scheme to even make it banned.

But despite it... Bitcoin from now on is considered fully legal. The premiums are expected to disappear and volumes to raise.

Massive Spike on LocalBitcoins


We can see loads of trades already came in at face to face.
If you never used LB just register, you never know when you can make some premum BTC sell there. Its available almost in all countries.

Volumes

Sadly Indian exchanges are low volume so hard to find their listnings.
Coinsecure has 72 BTC

Other 2 exchanges do not show volumes but we can expect 1/3 of Coinsecure which is the main one there for now.
If you are from India please leave comments about how this exchanges work etc.

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

Sort:  

This is great news. I'm from India and I've been using Coin secure from a very long time, they are the best when it comes to selling or buying as there is no middleman. There are around 5 exchanges so far, but more will definitely come.

Bitcoin only rose to fame over here in the last year. More than 90 percent of the population have never heard of Bitcoin or crypto currencies. India is definitely going to be huge for Bitcoin.

I have quite unique information on bitcoin in India check out my blog

This is great if its true.
So many people in India got cleaned out when they when the put a ban on the Rs500 and Rs1,000 notes .
check the article here.
https://www.ft.com/content/d0df23f0-d8b6-11e6-944b-e7eb37a6aa8e?mhq5j=e2

This is why Fiat currency is rubbish. They will only do what suits themselves. The little man always loses.

India is great country. I guess they very fast join world of new technologies. I don't think that bitcoin gonna move to the moon but that is real good news. Who's next? Waiting for China.

Yes you can buy bitcoin from zebpay also

Congratulations. The bankers must be going nuts!