Friday 19 May 2017

Future of Bitcoin in India

Bitcoin is the fastest and easy mode of money transfer from one place to another even it's out of your country. As people are becoming totally depended on the internet for their every single need. The day is not far that these cryptocurrencies will be circulating all over the globe.

After the financial crises in several countries. The most of the western and Asian countries are adopting the virtual currencies. A few days back the bitcoin price jumps hitting the best bitcoin rate of all time due to the increasing demand for bitcoin in Japan. The country has also made the bitcoin as a legal currency equal to its fiat currency. Announcing the bitcoin as a mode of payment in Japan the brand new 10 bitcoin exchange came in front to register themselves as best bitcoin exchange in the country.

The countries like Russia and India are still to give their verdict on same Most probably the Russia will legalize the bitcoin in 2018 according to the sources. But India still busy examining the virtual currency. The best bitcoin exchange in India has also tried to explain the virtual currency to the government and waiting for the positive response from the other side.

The users and adopters of bitcoin are kept on increasing in India every day. According to one of the bitcoin exchange in India (Zebpay), the 2,500 people are registering themselves as bitcoin users daily.

This growth and interest of people to buy and sell bitcoin in India show that the virtual currencies are spreading their ways in India and people getting addicted to it for trading or investment which clears the great future ahead for the cryptocurrencies in India.

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