Bitcoin flourishes in India, despite China's cryptocurrency crackdown

The primary reason businesses have not embraced bitcoin payments is because of unclear regulations

Nikita Puri 

After months of driving past a tiny, Maharashtrian restaurant in the upmarket and hip neighbourhood of Indiranagar in Bengaluru, Shashank (name changed on request) finally makes his way in. An independent writer, Shashank’s visit to this eatery, Suryawanshi, is instigated by a friend who craves misal pav, but that’s not served during lunch, they are told. Their trip is instead rewarded with Kohlapuri curries, sol kadhi and peru (guava) ice cream. A board behind the counter announces that Suryawanshi, besides customary methods, also accepts payment in bitcoins. When ...

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First Published: Fri, September 15 2017. 22:48 IST