In India, Bitcoin is not a legal tender. But it is not explicitly termed as illegal. What is the reason for such a stand by Government? what are its implications?
We have news that the RBI authority has planned to launch its own crypto currency called Lakshmi. The talk is in progress. Another business personality has said that they have formed a team with his son's responsibility and discussing to launch their own coin called jiocoin. So India is almost started welcoming crypto into its country. Hope in an year, there will be coins from Indian side.