During the last couple of months, we’ve seen numerous governments open up to the idea of digital currency, which is absolutely great news for adoption throughout the world. Not long ago, reports stating that the Indian government plans to legally recognize Bitcoin came in.
With this in mind, it seems like a committee was constituted by the Reserve Bank, and put in charge to study digital currency, and decide whether bitcoin is fit to be recognized as an official, legal currency in the country. The recommendations from the committee will be given anywhere between the 15th to the 20th of May. Afterwards, the Government will get to decide whether the plans will proceed.