We are hoping that eventually Indian authorities would not decide against Bitcoin trading within the country as this can certainly impact the growth of Bitcoin in that side of the world. In my opinion, it is actually India that needs Bitcoin rather than the other way around. Now, if they would eventually ban Bitcoin trading then it is their lost and not so much on Bitcoin actually as India is not yet that a big player for cryptocurrency.

India together with Russia is one of the few countries who could not finally decide on what to do with the coming of Bitcoin. In the past many months, there had been mixed signals coming from this country and now we have this proposal to ban Bitcoin trading.

Whatever can be the final results for this we will see in the coming months. One thing I  could not understand is why can't they just take the clues and ideas from Japan which successfully get into Bitcoin and now it is helping their economy...come to think of it Japan is a rich country and yet they openly embrace Bitcoin.