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Is trading in bitcoin legal?
The legal status of bitcoin (and related crypto instruments) varies substantially from state to state and is still undefined or changing in many of them. In february 2018, the minister of finance, arun jaitley, announced that the government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto assets in financing illegitimate activities or. Cryptocurrencies themselves or trading in them are not illegal in india. Let's take a look at what it took to get here. Even bitcoin mining could be legal in india in the future. Jaitley's comments managed to invoke doubts in india's crypto community again about legitimacy of trading, except this time, authorities have decided to steer the debate clear of controversy for good. The rbi has neither declared the crypto currencies as illegal not it has accepted these as legal tenders. , crypto scams bitcoin forum india quora. It is said to have asked banks to make a decision based on the advice of their legal and compliance departments. About legality of investing crypto currency in india 2018!!! Crypto currency companies are expected to revive plans to take a position and expand their business in india following a supreme court verdict. Any exchange with a indian rupee trading pair will allow you to sell your bitcoin for fiat currency. Wazirx has inr trading pairs for many popular coins.
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Many of the crypto startups, including exchanges and icos, had to close their. Indian rupees (inr) and indonesian rupiah (idr). Cryptocurrency is like any other currency used as a medium of exchange only, it is digital. The indian cryptocurrency landscape has gone through dramatic changes in recent years. According to et, the npci has refused to block fund movements for cryptocurrency trades in india. Rumor mongering and the spread of misinformation became. Youtube it may sound a little surprising. Wazirx has inr trading pairs for many popular coins. We welcome sh s.c garg's statement in support of the indian crypto industry. Even bitcoin mining could be legal in india in the future. Crypto trading quora indiathe employees of fxcm commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise crypto trading quora india impairing the clients' ability to make informed investment decisions. Indian supreme court on cryptocurrencies. Rbi didn't answer an emailed query till press time wednesday.
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