An Indian bitcoin enthusiast has pressed the RBI for clarification after it issued a virtual currency warning in December.
Taxmen have paid an unusually friendly visit to an Indian bitcoin startup, asking for advice.
If bitcoin exchanges become threatened out of existence, price discovery will still find a way.
Several Indian bitcoin exchanges have halted trading following a statement issued by the Reserve Bank of India on Tuesday.
On Tuesday the Reserve Bank of India (RBI) issued a statement warning the public against the use of virtual currencies.