Are there any specific laws regarding crypto trading in India?

3 answers

• Nov 28, 2021 · 3 years ago
  Crypto trading in India is regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). As of now, there are no specific laws that govern crypto trading in India. However, the RBI has issued several warnings and advisories cautioning the public about the risks associated with cryptocurrencies. Traders should be aware of the potential legal and regulatory changes that may occur in the future.
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• Nov 28, 2021 · 3 years ago
  Crypto trading in India is a gray area in terms of regulations. While there are no specific laws that govern crypto trading, the government has expressed concerns about the potential risks and has been considering various regulatory measures. Traders should stay updated with the latest news and developments in the crypto space to ensure compliance with any future regulations.
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• Nov 28, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that crypto trading in India is currently unregulated. However, it is important for traders to exercise caution and conduct thorough research before engaging in any crypto trading activities. It is always recommended to consult with legal and financial professionals to understand the potential legal implications and risks involved.
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