Is cryptocurrency legal in India? What are the issues?

[jeetchitanis]

can anyone suggest

[Peter Jack]

The Indian government is in the process of finalizing a cryptocurrency bill which will be sent to the Union Cabinet soon.

The cryptocurrency bill comes soon.

As of now, cryptocurrency trading is legal in India and cryptocurrency is not banned in India.

On 4th March 2020, the supreme court of India has lifted the ban on buying and selling of cryptocurrencies in India.

You can buy and sell cryptocurrencies in India with INR [nofollow].

I would suggest that "Don't Panic & Sell".

Even if the government puts ban they will give plenty of time to liquidate the digital assets.

So do not panic.

[Rubel007]

A few days ago I heard that Bitcoin bank is established in India and again I heard that cryptocurrency has legitimacy. But all of a sudden I heard that they would trade on their own crypto in India through their own currency. In that case it needs to be clearer.

[Nikawe]

can anyone suggest

So far I know India a cryptocurrencies friendly country but recently I heard a sad news about india that indian governments already proposed to ban cryptocurrencies in india and they already declared that they would launch a own Crypto.

[Lukamaxin]

I don't know what are the issues but i think indian government is not willing to this concern.

[H2O]

I have no updates news about cryptocurrency in India but I know India a cryptocurrency popular country and government support bitcoin, . But recently a news release that India will ban crypto immediately.

[Paglamon]

India already accepts bitcoin. So cryptocurrency is allowed in India. But I think the popularity is constantly increasing. When is the government planning to take alternative measures? I saw in a news that there is some possibility of revoking Bitcoin approval. But I don't think bitcoin can ever stop trading. So you can invest and trade from any country.

[marcsymons]

can anyone suggest

There is no legal or illegal as declared by the Indian Govt. It is just that the RBI banks are not allowing to do a transaction for crypto. You can still buy or sell crypto in India. There are exchanges like Kionex, Giottus, and sell through P2P payments of INR. Here is the latest update from Google. https://complyadvantage.com/knowledgebase/crypto-regulations/cryptocurrency-regulations-india/

[Fakhrulenclix]

can anyone suggest

You can ask anybody in your country that invest in Bitcoin and we are in easy for information now, You can try to google it. I think it's not hard to find an article that discusses the regulation of Bitcoin in your country