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Dogecoin recognized as official currency by Bank of India

The online currency based on the famous internet meme “Shibe” or Doge has been recognized as an official currency by the Bank of India. It has also recognized similar online currencies such as Bitcoins and Litecoins as official currency.

Dogecoin started out as a joke but after getting a lot of media attention has grown to become one of the bigger virtual currencies and is determined to take on Bitcoin. Over 100 Billion Dogecoins have been mined since its launch in December 2013.

All though the coin based on the internet meme “Doge” is worth 100x less then Bitcoin ($600 = 1 bitcoin) while dogecoin ($0.00062 = 1 dogecoin) it is fueled by a huge community which are buying and trading dogecoins on a daily basis to keep the currency alive.

dogecoin



Source : Bank of India press release

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nielsbosch

About the author nielsbosch

Hello, my name is Niels Bosch and i am the founder of AmongTech. Currently living in the South of Spain. My main interests are web development, playing video games once in a while, Apple, Marketing and SEO. I am currently studying Business administration, Ne Read More

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  • wtfbbq

    lies. This article is completely wrong. This is out of the press release linked in this article: The creation, trading or usage of VCs including Bitcoins, as a medium for payment are not authorised by any central bank or monetary authority

  • Gaurav Bidasaria

    Did you read the document cause it clearly states –

    The creation, trading or usage of VCs including Bitcoins, as a medium for payment are not authorised by any central bank or monetary authority. No regulatory approvals, registration or authorisation is stated to have been obtained by the entities concerned for carrying on such activities.

    Dont you think the title and content is misleading !!

  • Def Aced

    lol

  • Def Aced

    The Reserve Bank has mentioned that it has been looking at the

    developments relating to certain electronic records claimed to be “Decentralised

    Digital Currency” or “Virtual Currency” (VCs), such as, Bitcoins, litecoins, bbqcoins,

    dogecoins etc., their usage or trading in the country and the various media reports in

    this regard.

  • dogem8

    100 billion is the max amount of coins, 13 billion have been mined.