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 available at ATMs. ATMs must follow RBI norms as it deals with bank accounts which comes under the govt norms. Cola vending machines are free to accept Bitcoin against Cola. Then the problem goes to the Cola company to reflect it in books.
No arguments, no points from my side... Just a link to share
https://www.youtube.com/watch?v=zlA9tXYxD8g
Now carry on guys.
Regards