Arun Jaitely himself said in after budget interview "so far Bitcoin is Neither legal nor illegal."
He said Government is still studying about whether Cryptocurrency will be legal or illegal. So there is a chance that Cryptos can be legal in India.
Conclusion:- All the FUD created by Mainstream media today should be avoided.
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Read my previous articles here
India's "Budget 2018" did not change anything about Cryptocurrency in India.
What happens, if Bitcoin/cryptocurrencies are banned in India?