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Has Bitcoin Been Banned In India : Bitcoin Ban In India Is Again On The Agenda Somag News - Do we have to pay taxes to indian govt. . No funds have been frozen either, and exchange users can this decision by the officials india is not entirely surprising. However, the proposed ban has not been materialized yet. Strong reaction by crypto india community after april 2018 rbi announcement india is not a new candidate in the list of countries banning bitcoin or other cryptocurrencies. If the ban becomes law, india would be the first major economy to make holding cryptocurrency illegal. There is no ban on bitcoin and no indication the rbi deems it an illegal currency. Indian state officials are reportedly no longer keen on banning bitcoin and a crypto regulatory bill may be up for discussion during the monsoon session of according to inside sources quoted by the publication, authorities have dropped earlier plans for a blanket bitcoin ban in favor of classifying. The reas...