CNBC India reveals that the country's Ministry of Finance has set up a committee with a view to recognising bitcoin/cryptocurrencies as legal tender (and of course looking at ways to tax and regulate it - the very idea!).
One sentence in particular caught my eye:
The committee was installed by the Ministry of Finance, the country’s financial regulator, citing ‘concern’ with the growing adoption of cryptocurrencies in India.
Translation:
The committee was installed by the Ministry of Finance, the country’s financial regulator, citing ‘concern’ over people being able to conduct transactions, freely and in private, without the interference of meddling bureaucrats.
Take a look at the full article here.