The RBI through several notices have cautioned users regarding the volatility and uncertainty associated in dealing with crypto-currencies. . Finance minister Arun Jaitely has clarified that any virtual currency cannot be used as 'Legal Tender' in india however the stance of both the Government and RBI regarding holding or trading in crypto-currencies remains unclear.

At Mudrex we believe that the Indian financial system is one of the most advanced in the world and is open to new technologies. As a result we hope that the regulatory authorities will soon pass a framework to regulate the purchase, sale and holding of crypto currencies in India.