DABFI- Digital Assets And Blockchain Foundation India is a group to support legalization of bitcoin and altcoins in India. It’s objective is to educate people about risk involved with investing and trading crypto tokens. The association made petition by addressing Finance Minister Mr Arun Jaitley, Governor of Reserve Bank of India Dr Urjit R Patel, Joint Secretary (BC) Ministry of Finance Shri S Selvakumar to legalize the crypto currency trade. The four well known and existing bitcoin exchanges in India are Zebpay, Coinsecure, Unocoin, Bitxoxo with Searchtrade and few others came together and formed a bitcoin association called DABFI. To support this petition you can sign here.
Several opinions around social media about India’s reaction on Crypto currency, since after China’s ban order over Crypto currency regulation. Russia declared legalization of crypto currency but it is not satisfy with bitcoin and hence it will soon create it’s own crypto currency may be named as “Crypto Ruble”.
Since it’s adoption growing day to day, now SC(Supreme Court) also passed order for it’s regulation. Still India youngsters are waiting for government’s order.