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Blog : Bitcoin in India : RBI's comments on Virtual Currencies

Indian economy is travelling through the most revolutionary and controversial digitalization process. The same way global economy is also travelling far steps with a VIRAL money system called  virtual currencies, or cryptographic currencies, world wide the Bitcoin or similar crypto currencies are making a large move, due to its flexibility and lack of RESTRICTIONS and Limitations like on conventional money system.

They are independent of all bank systems and they can be connected with them as per the user’s will.

In India also people starts trading and transactions of bitcoin, but it was in a steady progressive way, These days bitcoins make a large hit on its ever recorded value and transaction rate, at this moment many comments are spreading over the social media, that hurts Indian bit coin users, like RBI will ban bitcoin transactions and it won’t consider as a legal way of money transaction.