Topic: Is bitcoin illegal in India - page 4. (Read 599 times)
Still, there is no conclusion from the Supreme Court and the given a circular and again hearing will in the month of July. Till now, the government is given notice to banks by not encouraging people to buy the cryptocurrency, previously Arun Jately informed in a statement, cryptocurrency is not legal India but people who trade cryptocurrency should pay taxes on it.
I think the Indian government has not yet decided on finality on what to do with the burgeoning cryptocurrency movement whether it will allow its entrance into the Indian market in a regulated environment or will it shun away just like what the China did last year. That remains to be seen. Now, in the meantime banks are afraid to deal with businesses involved with cryptocurrency all because they are not sure what will happen next they are just avoiding any complications that may arise if the government will declare the whole thing to be illegal. Hope the government will see the positive sides of cryptocurrency and not just what they hear and see on the media.
Yes it is true that crypto is illegal in India, but it does not make crypto users in India to surrender, they use foreign markets to make transactions.
Hello folk, I am a bit confused if cryptos are legal or illegal in India.
As bank has stopped providing services to crypto-exchanges. Is it illegal to hold bitcoin in India?https://1drv.ms/u/s!AvSFyKbrEp-IgQY6DABDwf9gqmgq
As bank has stopped providing services to crypto-exchanges. Is it illegal to hold bitcoin in India?https://1drv.ms/u/s!AvSFyKbrEp-IgQY6DABDwf9gqmgq
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