I dont think anyone will risk their business with bitcoin in absence of regulations and RBI explicitly accept btc as currency.Wouldn't they lose their export license and prefernces given to them as exporters? Would bitcoin be counted as foreign currency?
I totally agree with you when you are doing export business then i think you have to follow the forex rules of currency only, you can do business of bitcoins within the country but in export or import ,i think Bitcoin is very risky. Because Bitcoin is not still counted as currency in india or most of the countrys.