India generally calls it VC (Virtual Currency) Bitcoin one of it.
YashCoin Directly not provided service with INR.
We collect YASH for recharge and do recharge in INR. It will not affect Indian law
We need to follow their regulation when we provide service in INR. We already spoken with RBI officials, at present VC is not allowed and regulated.
The 3 exchanges running in India like zebpay, unocoin, coinsecure is registered in Singpore, UK and other countries. They not official providing service from India.
http://www.businesstoday.in/current/economy-politics/arun-jaitley-reserve-bank-of-india-virtual-currency-bitcoin-blockchain-technology/story/255274.html