Bitcoin is still not officially legal in India The government constituted a committee comprising Finance Secretary, RBI governor, NITI Ayog , Eminent people from Banking sector to study the pros and con for regulation. The committee is expected to submit its report in the July 2017 end. Then it will go to cabinet for approval. They also involved SEBI to give insight to the committee . Finally it has to have the consent t of the t parliament . it will be long drawn process. So this publicity is from the crypto hoarders. Take care. Indiana democracy and passing the law in the parliament is a time consuming process. So don't. Jump over now and let us keep our finger crossed.