Latest news in India is that they are going to ban usage of Bitcoin, due to no control and limited supply of Bitcoin. It will also increase black money in India which government trying slowly to cut down.
This is not true. As the latest news from finance ministry and RBI is inching close to legalise virtual btc which is good news. The decision will be announced by the end July.
However, if bitcoins are legalised in india. Bitcoins will fall under the preview of RBI, investors will be taxed, guidle lines will be issued by RBI regarding investing and purchase of bitcoins. Over the past few years the usage of btc is on the raise in india and trading platforms like Zepay, Consecure and Unicoin have been started. With these platforms stated there are investors.