and associated risks of investing in cryptocurrencies in general. So read till the end. As Bitcoins Is decentralized system so Indian government cant handle the transaction. Bitcoin has been banned and called illegal in India many times already by Indian government and Reserve Bank of India (RBI). Simple answer : bitcoin mining, bitcoin trading and bitcoin are three different things. You can also choose best bitcoin pool for mining purpose. Regarding currency its not a currency in any country its a digital asset or security or commodity as described by other countries ( in different nations different category). People are using this cryptography to mine the Bitcoins.
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What is future of Bitcoins in India? Also many big companies also planning to 3 bitcoin to sek accept Bitcoin in future. India is not alone in warning its citizens. At that time Bitcoins are not referred to use by RBI. Central banks in China and Bangladesh have banned bitcoin and South Korea has put a stop on ICOs. We can say it is unofficially legal in India.