“Next month, India’s tech capital will demonstrate the country is no bit player when it comes to virtual currency Bitcoins. On December 14 and 15, Bangalore will host India’s first and Asia’s second global Bitcoin conference, demonstrating the steady rise in popularity of money minted in cyberspace. Investors and venture capitalists are expected to attend the event, which will also see participation from the Reserve Bank of India as well as State Bank of India, the largest public sector lender. In August, ET had reported that RBI was watching and learning about Bitcoins but had no intention of regulating it.”
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