In India, the transaction in cryptocurrency is not yet approved by Indian Government but they are saying, we need to analysis it before approval.
Our Finance minster Arun Jaitley said in his budget speech that the government will do everything to discontinue the use of virtual currencies in India.
So, we are in dilemma to invest in this or not?
there are two things you need to consider for this.
1. the laws not what they say and definitely not what you read on the news.
the laws mean what actually passed as a law not just some article on some click-bait news site or some random comment on a forum. even not something that a government official said. instead you should look for an actual law that the congress passed.
2. whether you care about it or not!
bitcoin is a decentralized currency which is design to be censorship resistance. in other words you should not even care whether your government approves of it or not. if you want to use bitcoin, then get on with it.