I have been using Hive since beginning! Happy to have know some fellow Indians from this post. Good work buddy! Cryptos are not regulated in any way here. It's just a loot by government as they taxed crypto earnings at 30% straight and 1% TDS for each transaction on a crypto exchange. Can you imagine getting 99000$ crypto after buying 100000$ worth crypto. Volumes on Indian exchanges have declined by 85% since last year due to same reason.
That must be a pain, but then we tend to pay some sort of premium to exchanges anyway. I'm sure people will try to avoid paying tax and with crypto that is possible. I have a friend in India who has shown some interest in Hive, but we was worried about the legality of it.
!BEER
Hive is legal in India...its just earnings will be subject to taxation... crypto is not illegal or banned in India, I am sure of that!!