Naavi.org has already discussed the legal status of Bitcoin in some of the earlier posts.
Here is another informative and systematic appraisal of the Bitcoin’s legal status by Mr Vipul posted in Center of Internet Society.
The views expressed are similar except for the use “Computer Program” in this article instead of “Electronic Document” used by us.
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About Vijayashankar Na
Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance