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?
If they have fully outlawed cryptocurrency beggars belief it seems like one of the countries that would benefit most from the quick border less transactions. Consider for a second the amount of Indians working abroad that send money home to family on a weekly monthly basis using money transmitters such as western union. The fees they are paying will be mind boggling. I can't see this ban lasting much longer if it is in fact banned