Current state does not say anywhere that bitcoin is legal or illegal. Its investors who is considering it as legal. Nowhere RBI has stated that its is legal. But yes I agree media cannot make it legal or illegal but they do have an important role since they make the people perceive as they want it whether its good or bad which is again risky.
uhhh, everything is legal until there is a law passed against it making it illegal. that is how the legal system works.
is there a law making crypto currency illegal in India as of today? NO.
the end.
request all indian forum members to please stop spreading false news and negative information regarding its legality. once again:
AS OF NOW BITCOIN AND CRYPTO-CURRENCIES ARE LEGAL IN INDIA.
the Gov't may decide to ban it tomorrow, or in 6 months, or in 2 years, (carpet ban is highly unlikely, regulated use and tax laws are likely to be created) but as of today, they are legal. if you disagree, please re-examine your understanding of the modern legal system. as a community, Indian bitcoiners should rather showcase the positive aspects of crypto-currencies. we need more positive media coverage. instead our media only chooses to focus on drug dealers from Mumbai and Hyderabad buying lots of cocaine and LSD from the DNMs using BTC.
