recent news articles suggest that Indian Police specially Delhi Police suggests that Bitcoin trading is illegal in India. What are your views guy?
Am not finding this in that article anymore. But I do remember reading it.
Anyone have any other link that still has that statement?
It is very much there.
Source:
http://timesofindia.indiatimes.com/city/delhi/Card-frauds-used-bitcoins-to-trade-money/articleshow/50922983.cmsSearch: The police claim that the Reserve Bank of India has decreed illegal all trade and use of virtual currencies as a medium for payment.
Thanks, was looking elsewhere.
So, as this states, the police claim that the RBI has decreed it illegal.
This is not the case as we have been tracking RBI announcements very closely in this regard.
Therefore, this statement cannot be true.
Until the government dont give any clear picture about Bitcoin , each and everyone will be taking it as they want , like in this case Delhi Police considers Bitcoin as Illegal why because it was used in the Illegal Activities that is why they consider it Illegal, but once the bitcoin is declared by government whether it is legal or illegal . each and everyone will take with their own way.