After posting this yesterday -- https://bitcointalk.org/index.php?topic=385566.0 -- and getting a handful number of response that everything will be alright, I ignored the rest of the news.

However, today on DNA I see that Enforcement Directorate  raided the premises of Mahim Gupta in Bopal area of the city who provides trading platform through his website -‑ buysellbit.co.in.

The article further states: “We have found that through the website 400 persons have recorded 1,000 transactions that amount to a few crores of rupees. We are gathering the data of the transactions, name of the people who have transacted in the virtual currency from Gupta’s server that is hired in the US. At present, we believe that this is a violation of foreign exchange regulations of the country. If we are able to establish money laundering aspect then he can be arrested,” said a top ED official.

Link to the complete article: http://www.dnaindia.com/india/report-first-time-in-the-country-ed-raids-a-bitcoin-seller-in-ahmedabad-1941187

What is going on?