Quote from: onrise on September 24, 2017, 03:13:37 AM

This days what ever news is coming in media or any announcement of government is mostly on the negative side of it. Does it mean that it is becoming difficult and more predictable about the future of the bitcoin in country. Soon government may come out with the law and it could be like end of the bitcoin and they may say they are bringing their own coin Laxmi coin as news stated before.

This is common FUD across the globe in big countries. Russia still can't make up its mind on how to deal with crypto and Russia is really big on crypto adoption and mining. Even Japanese government had pushback initially. It is the job and nature of ED and RBI to express concerns. Customer protection is their biggest concern followed by Money Laundering - both of which can be addressed by legalizing exchanges with record keeping and KYC requirements and restricting ICOs, Localbitcoins, cloud mining scams - which give a bad name to Bitcoin IMHO.

There have been 10,00,000 downloads on Zebpay and Coinsecure has 100 BTC trading volume per day. I think the cat is out of the bag now to banhammer Bitcoin China-style but who knows?