I am reading somewhere that Bitcoin and other crypto currencies illegal in India as per Indian central bank announcement. In some other place i am seeing RBI advises caution on its use, bitcoin is not illegal in India. Which one is true ?? Any clarification about this?
It is both legal and illegal,Indian government not officially announced it is legal.RBI said it is at your's own risk of investment in bitcoin.If they have to make bitcoin as legal they have to regulate many things so it is not possible for the current situations.
Thus in India bitcoin is both legal and illegal.