Well, I've just found this SHIT news floating on a sub reddit.
http://www.thehindu.com/business/Economy/use-of-bitcoin-illegal-says-govt/article17702483.ece?homepage=true
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"http://www.thehindu.com/business/Economy/use-of-bitcoin-illegal-says-govt/article17702483.ece?homepage=true
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. 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.
.. Bitcoins is not authorised by the
RBI and could result in breach of
anti-money laundering provisions.
this implies that anyone using or trading bitcoin can be booked under money laundering Act.
Terrorism has been a menace since two decades without bitcoin.
Stupid move to blame bitcoin for terrorism.