India will regulate Bitcoin

Many analysts argue that cryptocurrencies need to be formally recognized by major governments in order to gain credibility. Well, for Bitcoin, the biggest cryptocurrency around, things are moving in the right direction. The Indian government has decided to regulate the local Bitcoin market, just a few months after it was revealed that the Inter-Disciplinary Committee under the Ministry of Finance was assessing the legality of Bitcoin. Cointelegraph reports that the three largest Bitcoin exchanges in India, namely Coinsecure, Unocoin and Zebpay, have enforced Know Your Customer and anti-money laundering rules for traders for a few years now, even though -- as… [Continue Reading]