Just watched news at Zee business and found that Govt. is not planning to ban the Bitcoin or any virtual currency in India. They had meeting at 12 june 2017 and they are thinking to regulate it, Even the Income Tax department wants to it be regulated and not banned, because they think if it is banned then it will give boost to the corruption, then they are thinking it to regulate and earn taxes on the profit by bitcoin or by the tradings.
So guys this is the good news, You do not have to be worried anymore. Hold your bitcoins, Don't sell and if you have not bought it yet. What are you waiting for, Prices are low, took a dip already..stable at the moment and it could go above 3000$ in next couple of days. All the best.
Hope this was helpful. :)
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