India is going a step further than most countries in cracking down on peer-to-peer money
In the legal challenge before the Supreme Court, the RBI said Bitcoins cannot be treated as currency under India's existing law that mandates coins to be made of metal or exist in physical form and stamped by the government. The court directed RBI to consider representations by cryptocurrency platform providers
It is very interesting, that India was so seriously against cryptocurrency, and all the suddenly they have decided to cancel that opposition against Bitcoin and othe cryptos. I agree that it is awesome, but anyway it is quite wierd.