Bitcoin in India

India has had a very chaotic affair with Bitcoin. What you hear from the mainstream media and the government's spokesperson is that they want to regulate it. The bureaucrats or the Baboos, as we call them, on whom the regulation ultimately depends on, don't quite have the capacity, time, or even the ability to understand Bitcoin," says Ravi Agrawal. "The RBI, which is the Reserve Bank of India, the Federal Reserve equivalent, wants absolutely nothing to do with it"