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RE: Bitcoin Expands In India - Another News Story That Shows Why Bitcoin Is Heading To $2,000
Before, Wikipedia was saying it was illegal. Now it says this:
Legal
On 28 December 2013, the Deputy Governor of the Reserve Bank of India, K. C. Chakrabarty, made a statement that the Reserve Bank of India had no plans to regulate bitcoin.
This is a complete flip-flop that took me completely by surprise.
Recently some ministers tried to put a ban. Wrote article on it, the literature merit might not be good but you'll get a basic idea of the current scenario.
https://steemit.com/bitcoin/@rishi2184/let-us-help-bitcoin-and-other-cryptocurrencies-to-retain-their-legal-tender-in-india