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Fiat or physical currency is mandatory to buy Bitcoin. If Bitcoin adoption increases in the market, then fiat currencies will eventually fade away. Till the time Bitcoin free flow between merchants and consumers is restricted, Bitcoin will not be able to enter India. Bitcoin can be regulated in India through the below-mentioned activities -
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5 Legit Ways to Buy Bitcoins in India (2019 Update) Bitcoin’s popularity in India is growing, with trading volumes in 2019 being 104M on average, comparing to 2018’s 78M as evidenced by the LocalBitcoins volume in India: Interest in Bitcoin in India is presented below by Google Trends, with the search term Bitcoin spiking between August ‘17 – March ‘18, and then going into a slump
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