Will bitcoins be recognized by the Indian Government ?
Bitcoins are already legalized by the Indian government just few months ago and most of the Asian countries are started to legalizing bitcoins after India made bitcoin legal in their country.The current president of India want to go cashless economy so they are encouraging all their countries in India.And If you want to buy bitcoins in Indian currency you can buy them st localbitcoins.com because one of my friend from India trading bitcoins through localbitcoins exchange and Indian traders giving us best offers for us than other parts of world.
It seems to me that legalization is another. Finally legalized bitcoin is only when you can exchange bitcoin to any Bank in the country. It is not. The fact that bitcoin is not forbidden that does not mean its legalization. I think that until the Americans will not indicate its position on bitcoin, we will not see a full legalization in all countries.