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 is no need to be worried about this:
1) First of all , he has said that he will come with rules by December last. Even if you invest your money in bitcoins by December , you can easily get 2x of the money invested. If you invest this money in bank deposits, it will take about 10 years for 2x.
2) In case he decides to ban all bitcoins in India, the investors will get time to withdraw their earnings. So what is there to worry about ? Just go for it, if you are still doubtfull see the volumes being traded on exchanges like Zebpay every minute.