“In the winter session, several Members of Parliament raised questions about the use of the Bitcoin instrument by a section of small and specialised tea growers to sell their produce abroad. They wanted to know if the Government was aware of such practices, and if so, was it contemplating any action.  The Bitcoin instrument helps the exporter and the importer of tea clinch a deal directly without any middleman. The transaction can be completed within a few minutes and weekly holidays, bank holidays or strikes do not stand in the way of concluding the deal. Also, payments can be received from anywhere in the world without any bank transfer or the use of debit or credit cards.”

http://www.thehindubusinessline.com/industry-and-economy/agri-biz/bitcoins-use-by-tea-trade-brought-to-notice-of-ministry-board/article5541416.ece

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