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Author Topic: Is trading cryptocurrency in india illegal or legal?  (Read 11683 times)

Offline satpol_PP

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #30 on: November 24, 2021, 03:38:48 AM »
Hello guys,
How to make profit from bitcoin trading business (in india)?
I would like to know weather trading of btc is safe and legitimate business in india, are there any legal issues in this ?
Accurate replies are appreciated
Cheers everyone

I think India members can share their news here, I personally don't know about bitcoin in India.
Because in my country,  we can trade and invest in bitcoin and altcoins, No matter with it.


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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #30 on: November 24, 2021, 03:38:48 AM »

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Offline Ankit1999999

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #31 on: November 24, 2021, 02:45:41 PM »
I'm indian. Trading  cryptocurrency in india not a illegal or legal. Many people in indian are interested in cryptocurrency. But the government of India not a has always been negative about cryptocurrencies and their trading. So you can carefully investing in crypto and earn more profit.
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Offline Seerge

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #32 on: November 24, 2021, 03:23:47 PM »
I often hear news, that Cryptocurrency trading in India is not legal.  And there will be fines or imprisonment for anyone caught trading Cryptocurrency in the country. India is indeed very strict on cryptocurrencies, and in my opinion it is not good for the growth of cryptocurrencies in the country.

Offline mlawson71

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #33 on: November 25, 2021, 04:06:43 PM »
Here we go again - the Indian government came up with yet another idea to ban cryptos - this time they intend to ban all private crypto assets in the country and will be discussing those plans during the upcoming winter parliamentary session. Their alleged motivation is their intention ot launch their own state CBDC.

Offline bmw1

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #34 on: November 25, 2021, 05:41:10 PM »
Cryptocurrency transactions in India are currently declared as such. India's cryptocurrency was legalized in late December 2020. Many improvements have been made and have been made since the legalization of cryptocurrency in India. Therefore, it can be said that in countries where cryptocurrency is still illegal, if cryptocurrency is declared legal, then that country will move towards a lot of development. So I want to say that in a country where cryptocurrency has not been legalized, cryptocurrency should be legalized.

Online KryptoBull

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #35 on: November 25, 2021, 11:33:01 PM »
The legal status of crypto & Bitcoin in India is a joke among the legislators. They are constantly changing their views and regulations on crypto. The market is used to it and is no longer affected by Indian news.
I hope Bitcoin will be accepted in India soon.

Offline pieppiep

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #36 on: November 26, 2021, 05:02:13 AM »
actually there is no clear information that in India it has legality about the use of cryptocurrencies, from the information I know in India more and more people are using cryptocurrencies to do evil deeds so that cryptocurrencies in India have a very bad reputation.

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #36 on: November 26, 2021, 05:02:13 AM »


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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #37 on: November 26, 2021, 08:56:44 AM »
I think cryptocurrency in India is not very good because there are many negative cases in the country of India so that the name cryptocurrency and bitcoin has become bad in India, so I think India has many regulations that prohibit the circulation of cryptocurrencies in their country.
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Offline mlawson71

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #38 on: November 26, 2021, 06:11:26 PM »
Sometimes I wonder why they are so against cryptos. Is it because of the scams?

Offline TopT3ns

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #39 on: November 26, 2021, 11:53:44 PM »
I think you should talk about it to the Indian sub-forum, because maybe there are some people who don't know for sure and only read from information circulating in cyberspace, maybe if you are a trader from India and want to make a withdrawal of cryptocurrency results, you can also ask to indian subforum.

Offline jhm

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #40 on: November 27, 2021, 02:34:27 AM »
Its a grey area, not entirely sure. Its a shame that the positives of crypto can't be seen, especially with regards to those that struggle to get bank accounts. IMO

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #41 on: December 02, 2021, 05:31:38 PM »
Has there been any definitive decision lately, or are they still debating? I feel like they've been debating for ages.

Offline Suma Islam

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #42 on: December 04, 2021, 04:52:46 PM »
Cryptocurrency transactions are legal in India. Bitcoin's market was established in India a few days ago. It is more or less known to all of us. In terms of trade, all the countries are given more prominence due to which our neighboring country India has set up Bitcoin Bank and in our country Bitcoin is not given illegally.

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #43 on: December 04, 2021, 10:39:11 PM »
cryptocurrency trading in india in my opinion is still illegal and there are no clear rules that state that cryptocurrency trading is legal in india, in my opinion it is because of the many cases of money laundering and other criminals who use cryptocurrencies so that the Indian government prohibits the use of cryptocurrencies in their country.

Offline Goldlife

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Re: Is trading cryptocurrency in india illegal or legal?
« Reply #44 on: December 05, 2021, 04:54:35 PM »
I am a Bangladeshi citizen who did not do all that bitcoin in Bangladesh but I know it is illegal as well as in India but it has been considered illegal but it has been legalized from all the countries of the world and maybe one day tipu currency will be legalized.
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