Notable growth in bitcoin market in India: Jaitley

K R Srivats, Aug 04, 2017

The Centre on Friday admitted that there has been a "notable growth" in the bitcoin market in India over the last few years. There is evidence that crypto currency/ bitcoins are being used in the country, Finance Minister Arun Jaitley told the Lok Sabha in a written reply.
This is even as there are no regulations governing bitcoins in India. It may be recalled that the Reserve Bank of India had in February this year advised that it has not given any licence/ authorisation to any entity/ company to operate such schemes or deal with bitcoins or any virtual currency.

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