This is indeed a great news, after Japan, Australia, India and now south korea..
bitcoin userbase is growing
India hasn't really legalised bitcoin. It is not going to ban it but the government is working on a legal framework for it. Bitcoin gains will probably become taxable if bitcoin is legalised here.
Each and every country that legalizes bitcoin are looking at the monetary benefit that they could get from taxing the users and i am not that excited about all these developments but doing so might get more attention and we could see more users and companies using it and that is the only advantage i see with all these fiasco.