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?
Bitcoin is decentralised in India not illegal . According to the RBI declaration people have to withdraw their money that they are investing into bitcoin in their domestic sites, people have misinterpreted the statement of reserve bank of India because being a citizen of India , I better knows the status of bitcoin in India I am also owning bitcoin here and definitely its not illegal because owning a bitcoin is not illegal in India u can buy bitcoin from international exchanges and own bitcoin, its not illegal and RBI has warned people to be careful with bitcoin.