RBI has stated that The creation, trading or usage of VCs including Bitcoins, as a medium for payment are not authorised by any central bank or monetary authority. No regulatory approvals, registration or authorisation is stated to have been obtained by the entities concerned for carrying on such activities,
2)According to RBI they pose potential financial, legal, customer protection and security-related risks," "Payments by such currencies are on a peer-to- peer basis and there is no established framework for recourse to customer problems, disputes, etc. Legal status is definitely not there,"
3)you would not get any licence to deal in crypto currencies
4)do not trade with investors money
5)Bitcon is legal in USA, EU , Japan but not in india