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Banks that currently offer such services through an internal department will have to reorganize their operations within three years, the RBI said. Banks will have to get specific approval from the RBI to set up the subsidiary, the circular said, adding that these approvals will.
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CoinDesk reported that Overstock CEO Patrick Byrne stated he will be giving special deals to vendors who want to be paid in bitcoin. Those vendors may get discounts or favorable terms. Byrne said Overstock is considering offering employees payment in bitcoin. Newegg Accepts Bitcoin Joining.
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Bitcoin has dominated the headlines this year, with massive price fluctuations, regulatory developments, and even Senate hearings by the US government. All these factors indicate that people are beginning to take the young currency seriously. But lets not forget about the alternative coins out there.
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Change bitcoin to fiat
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