..........Industry watchers point to the growing acceptance of Bitcoin in countries such as China, the US, Canada and Japan. China Telecom, Baidu and others have recently started accepting Bitcoin payments and the Government has put out advertisements to create awareness around this payment mechanism. Recently, businessmen such as Bill Gates and Richard Branson have thrown their weight behind the Bitcoin. However, banking authorities have remained tight lipped and Indian banking authority, the RBI is waiting and watching and do not have an official policy on regulating it.
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