There are a lot of established bitcoin businesses and startups using the .in ccTLD (see: http://en.wikipedia.org/wiki/INRegistry, appointed by the government of India).

.in provides a clever way to end your domain brand with "co.in". However, given the latest developments in India, it may be wise to rebrand or, at the very least, have a clear transition strategy in place in case your .in domains are confiscated.

Being forced to change your domain name isn't the end of the world, but it could result in extremely negative press.