One of my friend who works at one of the bitcoin BTC company in india has confirmed to me that he has indeed heard his exec manager talking about an official notice which government has sent out to them to submit the details of business after which there is tensed atmosphere in office.
I however have not been able to confirm if this was a full ban notice or an audit notice from government.
What do you think about it. ??
https://inc42.com/buzz/cryptocurrency-bitcoin-india-cme-group/
Outright ban it? And risk people going underground to use it? I don't think even the Indian government is that stupid. If they completely ban bitcoins, those with money in local exchanges could just move those to other exchanges and continue trading and then convert is to cash f2f. Now they'll find it harder to track the money.