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.
Your facts about legality of bitcoin in India are wrong buddy,bitcoin is still not been legalized in the country though it has not been illegal yet so people are using it.and to add zebpay is most trusted app to buy and sell bitcoin in India,it demands all of the your documents too
You are 100% right. Bitcoin is neither legal, nor illegal in India. Zebpay operates with a general financial services license. They don't have a specific license to trade in crypto-currencies. This means that the website can be closed down anytime without warning.