Did you know the cryptocurrency market in India is completely unregulated? If the bank loses your money, you can complain to the Reserve Bank of India (RBI). But with bitcoin, you have no one to turn to.
The issue on Regulation on Bitcoin in India was been in the news for a while. But I am optimistic that it will be address soon, this issue still remain a problem with Bitcoin investors not only in India but in any other country whom are critical on the used of Bitcoin digital transaction in the market. let just wait for this issue to be resolve soon.