This cryptocurrency exchange is within the local market and on December 5, the country's central bank has warned the Reserve Bank of Bitcoin investors that the government has not yet regulated the bitcoin. This is the Reserve Bank of India (Reserve Bank of India) on December 24, 2013, which includes VCR traders, including bitcoin, which include potential financial, financial, operational, legal, customer protection and security related risks associated with such VCs. No organization / company have been granted license / authorization to operate such schemes or deal with Bitcoin or any Vice Chancellor. This is clarified by the RBI with a press release dated February 01, 2017.
source - https://www.cryptocoinsnews.com/indian-central-banks-bitcoin-warning-sign-fear/