WTF is this? Another shit done by this NDA government or what? Like many other traders out there, I've invested heavily in BTC trading, and now this Fuck you government! I'm sure those who're making this decision don't give a shit about general public and only care about FIAT.
"RBI had warned that any user, holder, investor and trader dealing with virtual currencies would be doing so at his/her own risk"
They never said its illegal but they said that it isn't regulated by govt or RBI so anyone using bitcoin will fully responsible for their loss using this type of currencies.