I am reading somewhere that Bitcoin and other crypto currencies illegal in India as per Indian central bank announcement. In some other place i am seeing RBI advises caution on its use, bitcoin is not illegal in India. Which one is true ?? Any clarification about this?
We all know that bitcoin is a decentralised crypto currency and there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and specifically the illegal one and therefore most of the countries are hesitant legalising bitcoin in their nation as they believe that it will bring terrorism in their country and the same has happened with India and they illegalised bitcoin in India but still owning bitcoin in India is not illegal, people simply can use any international exchanges for transacting bitcoin.