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?
does not India prohibit the development of crypto and bitcoin?
I think this has happened in the last few months. and whatever the Indian government will do about the ban. will not have a big effect, look at the more advanced Asian countries and have a good system. like japan. instead they are more friendly with bitcoin.
and compare with the countries in Asia that each developed, and fairly poor. tend to ban it. the biggest factor is the fragility of corrupt officials and systems