“Since graduating in mechanical engineering this June, Sanket Shah hasn’t bothered hunting for a job. But that hasn’t thrown a spanner in his lifestyle.  The secret to Sanket’s self-sustenance lies in Bitcoins.  The Reserve Bank of India has not yet formulated regulations to govern trading or profits generated from Bitcoins. An RBI spokesperson told Mirror over email that the RBI doesn’t consider Bitcoin legal tender and, therefore ‘trading in Bitcoin is not legal. Obviously, there cannot be regulations from RBI for an illegal activity. People who use it, do so at their own risk and responsibility.'”

http://www.mumbaimirror.com/others/sunday-read/Bitcoin-billionaires/articleshow/23236886.cms

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