Quote from: 88coins on September 24, 2017, 02:12:05 AM

The Reserve Bank is uncomfortable with "non-fiat" cryptocurrencies such as Bitcoin, its executive director Sudarshan Sen said today

By that statement, it's clear the the reserve bank there are against bitcoin, it's like stating their refuse to bitcoin clearly. the regulations which I expected to soon to be released will most probably tighten the rules even more or simply ban the existence of bitcoin in that area.
I'm sure that if india government only planning to release regulation to tighten the rules, it's to benefits their bank and to make bitcoin struggling there.