Crypto

Is Trading In Cryptocurrency Legal In India

Don’t know if cryptocurrency is legal or illegal in India? Read this blog to get the answer. Find out more about which cryptocurrency is legal in which countries. Update: The Government of India is set to introduce “The Cryptocurrency and Regulation of Official Digital Currency Bill”, which will effectively ban most cryptocurrencies with a few exceptions. The GOI has also introduced a framework in the bill for the introduction of a national digital currency. We will keep this blog updated with the latest info.
April 18, 2024
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Cryptocurrency has become all the rage across the globe. There are top global brands who’ve either bought a reserve of crypto like Tesla or have started accepting crypto as payment like Dallas Mavericks. 

This has boosted the legitimacy of crypto. Add the skyrocketing prices to the mix and most global citizens want to own a piece of Bitcoin, Ethereum, Tether, Dogecoin, and others, including Indian investors.  

In fact, India is home to the largest number of crypto owners in the world at 10 crores. A large part of the relative success in India is down to top exchanges like WazirX, CoinDCX, and others. 

That said, potential crypto investors in India have to ask questions like “is cryptocurrency legal in India” or “is cryptocurrency trading legal in India” because the rules and laws are constantly changing. Lucky for you, we’ll answer all these questions in this blog. 

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