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?
Things are pretty complicated in India . Its not illegal but all the withdraws by the banks are stopped nby the India's main bank called RBI and all the banks under RBI . This is a major drawback among all the users back in India and there are a lot of them .
The next verdict is on JULY 20TH , but things seems out og hand for now.