Deepak Kapoor, founder of Begin India Think Tank has given a statement regarding the legal status of Bitcoin in India. He said that Bitcoin should be traded as stocks and should not be legalized as a private currency because it will put Indian economy at stake. Further he mentioned that Cryptocurrency-based crimes are still not officially recognized in India and there are no such regulations and a body for managing Bitcoin in India.

Sources-: https://news.bitcoin.com/bitcoin-traded-stock-india/
               https://www.coindesk.com/bitcoin-should-be-regulated-like-stocks-in-india-says-think-tank-founder

What are your views on this statement.Whether Bitcoin should be traded like stocks or it should be considered as a currency? If it is used as a currency then how it can affect the Economy?