India might not ban bitcoin but I have also heard that they are purposing new regulation terms for bitcoin trading, its not banning actually.
his question has nothing to do with bans! i don't know where you got that idea from.
he is trying to do an arbitrage trade between Indian exchanges accepting local currency and foreign exchanges accepting other currencies such as USD. simply because Indian price is so much higher. and he can not do it simply because if there were any way of doing that, the price would have already come down when others used those methods to arbitrage.
No, sorry. I have not mentioned why I want this. But actually, we should not trust any one Government. India may ban bitcoin or may not. Here is the news - http://m.businesstoday.in/lite/story/cryptocurrency-dealers-closed-indian-rupee-bitcoin-usd-7000-exchange-rate/1/263187.html
Three years ago India banned Bitcoin after that again they allow Bitcoin. However, we should look for other option for our safety and precaution.
