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The indian market has recently got the idea of cryptocurrency, and this nation's central authority has not yet introduced taxability on bitcoins into the in the following guide, i have discussed the issue whether bitcoin is legal in india.
So far, bitcoin hasn't been authorized or regulated by any central authority in india. This applies whether you're from mumbai, delhi, bangalore, hyderabad, or whatever city in india. Bitcoin is the future, lnvesting in it now will be the wisest thing to do especially with the current rise. The legalization of bitcoin in india is expected to further increase trading volumes and bitcoin activities in india by significant margins. The indian economy is the 5th largest in the world. Many of the crypto startups, including exchanges and icos, had to close their doors. Reserve bank of india prohibits regulated entities from dealing with cryptocurrencies mybtccoin cryptocurrency bitcoin bitcoin mining. Cnbc india revealed that the indian government committee has ruled in favor of regulating bitcoin on june 20. Faqs on bitcoin trading in india. Major timeline of bitcoin india history: Some features may be unavailable or harder to find on indian exchanges, such as high leverage margin these difficulties created the common misconception that bitcoin is not legal in india. Cryptocurrency trading now legal in india march 2020. Is bitcoin (btc) trading legal in india?
