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On June 20, CNBC India announced that the Indian government committee has ruled in favor of regulating Bitcoin and is currently establishing a task force to create various regulatory frameworks with the aim of fully legalizing Bitcoin in the short-term.
Leading Bitcoin exchange Zebpay has revealed that the Indian government committee has ruled in favor of regulating Bitcoin.
On April 14, Cointelegraph reported that the Inter-Disciplinary Committee within India’s Ministry of Finance was actively investigating the legal status of Bitcoin and considering the possibility of regulating the market
Where to Buy Bitcoin In India ?
Unocoin => https://www.unocoin.com
Zebpay => https://www.zebpay.com
Coinsecure => https://www.coinsecure.in
CoinMama => https://www.coinmama.com/
Mohit Kalra, CEO of Coinsecur said:
“Finally, something positive for the industry. Authorities are now taking this technology seriously. We have been trying to get their attention for years now. I am glad it's all happening at the right time. At Coinsecure, we are seeing a massive increase in the number of users and volumes. We are positive with what will happen in these coming three months.”
IN USA
The U.S. Treasury classified bitcoin as a convertible decentralized virtual currency in 2013. The Commodity Futures Trading Commission, CFTC, classified bitcoin as a commodity in September 2015. Per IRS, bitcoin is taxed as a property.
In September 2016, a federal judge ruled that "Bitcoins are funds within the plain meaning of that term".
Source :
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
All the best Indian .. Now you can officially buy it :-)