Post
Topic
Board Bitcoin Discussion
Re: Future of Bitcoin in India
by
machineskill
on 21/07/2018, 08:27:49 UTC
according to this link - https://coinsutra.com/future-of-bitcoin-cryptocurrency-india/
India will be left behind some steps from other countries. One of the commission officials said that they would not ban electronic money and would treat electronic money as a commodity.

as statement of RBI recently - "In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs. Regulated entities which already provide such services shall exit the relationship within a specified time. A circular in this regard is being issued separately.”
 source link - https://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=43574

but i dont think RBI will ban crypto because this might be a political trap.