Will bitcoins be recognized by the Indian Government ?
Bitcoin is legal in India. I mean, although they have not declared it legal but they have also not made it illegal. You can still invest in or buy Bitcoin. Only the banks in India are prohibited to deal in cryptocurrencies. This was, in fact, quite expected as banks have never shown a positive attitude regarding cryptocurrencies. But this does not mean that it is illegal in India.
That's interesting, and maybe from time to time there is still the possibility of Banks in India.. I'm sure, it will encourage/accept crypto. It may be a lack of preparation in response to all the characteristics of crypto and still consider some of the risks that could have an impact on the banking system. Well can be categorized.. this country is can be said an advanced's country and can be following the era developments.