In the country, the RBI has banned all transactions related to bitcoin on banks. But still people are curious about it. Even though the common man may not be able to buy bitcoin, the Indians with money are still investing in it. The people who eagerly anticipated that the buying and distribution of Bitcoin in India would have to be re-released, because the law ministry has endorsed the legality of Bitcoin.
The Legal Ministry has formulated a draft law for legalizing the Bitcoin in India and it is under consideration in the Supreme Court. The next hearing on this matter will be held on September one and the court can decide the verdict on this.
