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?
The Indian government has not declared bitcoin as illegal but they want to stop the money flowing towards the bitcoin/crypto-currencies. So they want to discourage people of India to buy the crypto-currencies. That's why they first declared that "bitcoin is not legal tender" now they are stopping the trading of bitcoin from any bank account.