That DNA article has half-baked information. Here are some saner links: http://www.thehindu.com/business/Industry/bitcoin-exchanges-shut-shop-in-india/article5

That DNA article has half-baked information. Here are some saner links: http://www.thehindu.com/business/Industry/bitcoin-exchanges-shut-shop-in-india/article5504407.ece http://www.thehindu.com/business/Industry/bitcoin-exchanges-... http://www.zdnet.com/in/bitcoin-exchanges-suspend-operations-in-india-amid-govt-warning-7000024648/ http://www.zdnet.com/in/bitcoin-exchanges-suspend-operations... >>>The central bank had, on Tuesday, issued a notice, warning the public of the risks involved with virtual currencies while claiming that it could be used for money laundering and funding anti-terrorism activities. It stopped short, however, of issuing a ban or any other restrictions. But still, I don't know what "framework" RBI wants to bring in, to "regulate" Bitcoins. From http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30247 http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=3... >>>The Reserve Bank has also stated that it is presently examining the issues associated with the usage, holding and trading of VCs under the extant legal and regulatory framework of the country, including Foreign Exchange and Payment Systems laws and regulations.