Simply we can say that we can trade Bitcoin on any platform or exchange but we cannot pay it for any goods or services in India. It's implication is government may bound you to pay taxes on profit you earned on trade of Bitcoin. Indian government has set a committee who will research on cryptocurrency after that report all picture will clear. Thanks.

In India till now there is no any law for taxability of Bitcoin profit but this traceable. Here exchange is asking full kyc for trading in cryptocurrency and I am sure in future government will ask these database from exchanges operated in India. Thanks.

Bitcoin and other Cryptocurrency banned in Bangladesh but as on now not in India but it cannot be accepted as legal tender that means you can trade on exchange and it's not illegal. Government is in process of setting up regulations that will control on illegal use of cryptocurrency. In future it may be ban in India also, it can't be say right now.Thanks.

You can invest in ICO after making a depth research. ICO is profitable investment because of if you invest in 5 ICO and any one ICO get successful that will cover all your ICO cost and also a lot of profit. IF your research is good then most of your ICO investment will be in profit. For research you should take care about TEAM MEMBER, WHITE PAPER, WORKING PLAN, COMMUNICATION CHANNEL, REPLY OF QUERY, HARD AND SOFT CAP etc.

In my point of view in future whole banking system will change or they have to change. Bitcoin and other crypto currency will be future of whole world.