We at bitssa.com believe that countries that have banned Bitcoins will accept Bitcoins sooner or later. In his budget speech of 2018, Indian FM Arun Jaitley rightly pointed out that "Cryptocurrency is not a legal tender" which means it is not like any other regular fiat currency which can be used for buying or selling products and services in India. However, this does not mean buying bitcoin is illegal in any country including India. It is just a matter of time when the Governments will seriously consider the option of giving legal status to Bitcoin. There were some real fears on account of which the Governments came out with certain guidelines against the use of bitcoins such as terror-financing, black money laundering owing to the unregulated and decentralized character of bitcoins. But, terror-financing and money laundering also happen through Hawala-transactions. So, bitcoin is not solely responsible. If we consider the volatile nature of Bitcoin, imagine the kind of remittances it will generate if it was made legal in these countries adding to the GDP of the country. Bitcoin is a byproduct of a revolutionary technology (blockchain) which is here to stay for good. There are speculations that in the coming years Cryptocurrency will replace cash money. And we hope that is soon to happen.

The government will not be able to monitor legal and illegal transactions. Besides I hear of bitcoin mining machines, how legal is it?

Yes, it is very much legal. They've got the best and high-level computational power in order to dig effectively and can take the high-level electricity consumption. Nevertheless, Bitcoin mining machines have become widely specialized recently and it usually does mining by extremely specialized software, supercomputers, and a lot of electricity.