India has a fascinating history to tell but despite rich heritage, they are not strangers to marvelous technological achievements, it could be argued that India is responsible for some of the modern medical procedures practiced today. Blockchain technology is on the verge of revolutionizing our current living model mainly due to decentralizing operations as much as possible. India being one of the more reluctant countries when it comes to passing positive regulations on the digital currencies so far but their position might be about to change as officials start peeling this topic on the deeper levels.
Indian Bitcoin Regulations
Earlier this year Indian government started looking into the possibilities of regulation and legalizing digital currencies but it all might have come to a stall as the turf war progresses. Apparently, Securities and Exchanges Board of Indian & Reserve Bank of India are at the disagreement on how they should categorize the nature of digital currencies and assets. We are currently uncertain which way it will land but at least one thing is certain and that is the fact how they will have a legalization passed on the blockchain currencies soon. At the same time, there are some industry specialists who make a case towards that bitcoin should act as a self-regulating asset but this type of approach will have a harder road to mass adoption.
Bitcoin Exchanges in India
If you are looking to purchase some bitcoin in India then as of right now your choices are either one of the Peer-to-Peer trading exchanges, such as LocalBitcoins & Paxful but these options are usually left as the last resort due to the high mark up on the price or one of the more reputable bitcoin exchanges that follow strict Known-Your-Customer policies and will ask you to verify your identity and address in the process. As long as you do not plan to fund any criminal activity then going through verification on one of the bitcoin exchanges is going to benefit you in the long term due to opening up a channel for convenient, easy and larger buys of bitcoin. Some of the exchanges that allow Indian users to buy bitcoin are CEX.io, Zebpay, CoinSecure.in, UnoCoin & A few more.
Indian Online Gambling Laws
It would be no surprise that gambling is going to be a popular activity in the nation with above 1 billion people in a population. Even despite the vast interest among people to gamble it is still sort of prohibited in India but all of the laws are quite outdated and no one really has any time or budget to enforce any of them. You can be certain that there will no direct remark that prohibits you from gambling online so doing so through anonymous blockchain currencies will most likely turn out to be your safest bet! Read our reviews to find one of the many online offshore bitcoin casinos to play at from India.