Quote from: gigatux on February 01, 2018, 07:07:55 AM

It means that they are still studying the effect of cryptocurrencies whether if it is good or bad. It needs to outweigh the negative issues of cryptocurrencies so that the Indian government will only create regulations and not banning it.

The Reserve bank of India and government has already warned the people from investing into the cryptocurrencies; now they have made it clear that it will not be a legal tender. They also mentioned that, government will not regulate the cryptos and they will make sure to eliminate the use of cryptos for illegal activities.

Quote from: smarteth on February 03, 2018, 02:15:04 PM

Indian government repeadly saying crypto currencies are nt legal tender like japan u cant use it for payments and sending money aboard if u do so they will be questioned by IT department

Its not completely banned, people can invest on their own risk and govt will not be responsible for any losses. If you are generating any income through the cryptos then govt authorities may ask you to pay the tax.