I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .
Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.
Cola is not related to tax evasion or illegal transactions lol.
How about HSBC ? Its still operating in India right ?
http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html
http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815
http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece
http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html