Quote from: KrishaBitcoin on May 22, 2018, 04:20:10 AM

Quote from: ThiruBTC on February 06, 2018, 07:23:26 AM

In India, Bitcoin is not a legal tender. But it is not explicitly termed as illegal. What is the reason for such a stand by Government? what are its implications?

This means that Bitcoin is not declare legal but not ban in India. So therefore you should not wasting time and make this opportunity to earn more Bitcoin without tax as sooner or later Bitcoin might declare legal because the governments is now considering the regulation of this investments in which soon every Bitcoin you will earn will be subject for taxation as per regulation policy.

Well there was a case pending in the Supreme Court to challenge RBI circular. So yes India is still in the middle and we only wish that it will not be ban but just regulate it just like other countries. Again, India is a good market so government clamping on crypto will be a big setback to the ecosystem in short term. Plus the Supreme court's decision is good indication that somewhat the Government is very fair but I'm sure the case will be drag for many years. So let's hope for a fair trial so that everyone in India can transact with their banks again using crypto.