No bitcoins for payments and settlements, says the Reserve Bank of India — Quartz

After Pakistan and some other countries, India decides it doesn’t like Bitcoin.

…director of the Reserve Bank of India (RBI) has signalled that virtual currencies like bitcoin won’t be allowed in the country. “Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying crypto-currencies will not end,” said S Ganesh Kumar, executive director of the RBI, at a conference in Mumbai on Nov. 06.

Source: No bitcoins for payments and settlements, says the Reserve Bank of India — Quartz

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