The Indian government is continuously examining the bitcoin ecosystem and now its on the conclusion stage. According to a news report, a Government panel has advised closing bitcoin and cryptocurrency exchange/dealers in India.
No, the Indian government is not closing bitcoin and cryptocurrency exchange/dealers in India. According to the Finance minister Arun Jaitley, bitcoin is not a legal tender but he didn't say that they are going to ban them in the country. It's true that some Indian banks have suspended the accounts of top bitcoin exchanges in India, however recently a news came where the SEBI chief declared that they are planning to regulate cryptocurrencies in India so I think that is a sigh of relief for all the traders in the country. You can read about it here- http://www.unkrypted.com/crypto-regulat ... ebi-chief/
Indian government is not showing good prospect towards the cryptocurrency and they have banned the trading of the Bitcoin as far as I know. But they need to realize the importance of the cryptos as soon as possible as they have the vision of leading IT in the whole world.
I want to share a mind blowing strategy that will encourage you to do more in terms of crypto currency investment and binary option breaking codes networking to earn 98% profit gained of your investment without losing dime. I earn $ 29,850 within 4-5 days with minimum investment of $1,500 with the help of Mr Brasch . He will teach you and share his strategies with you to learn and work with them and you will be fortunate. Also if you have lost your investment $10k above trying to trade with any of these brokers company and you feel you have been ripped off Kindly message my helper via email braschadolf2014 @ gmail DOT com or Skype brasch.adolf2. WhatsApp +16179821652 so he will keep you posted on how you can make it working it out together and go for the recovery. Cheers