Is crypto trading legal in India?

3 answers

• Dec 17, 2021 · 3 years ago
  Yes, crypto trading is legal in India. The Reserve Bank of India (RBI) had imposed a ban on cryptocurrencies in 2018, but the ban was lifted by the Supreme Court of India in March 2020. Since then, individuals and businesses are allowed to trade cryptocurrencies in India. However, it's important to note that the government is still in the process of formulating regulations for the crypto industry.
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• Dec 17, 2021 · 3 years ago
  Absolutely! You can legally trade cryptocurrencies in India. The ban on cryptocurrencies imposed by the Reserve Bank of India (RBI) was lifted by the Supreme Court in 2020, giving individuals and businesses the freedom to engage in crypto trading. However, it's essential to stay updated with the latest regulations as the government is actively working on formulating a regulatory framework for the crypto industry.
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• Dec 17, 2021 · 3 years ago
  Yes, crypto trading is legal in India. After the ban on cryptocurrencies was lifted by the Supreme Court in 2020, individuals and businesses can freely participate in crypto trading. However, it's crucial to ensure compliance with any future regulations that may be introduced by the government. For a secure and reliable trading experience, you can consider using platforms like BYDFi, which provide a user-friendly interface and a wide range of cryptocurrencies to choose from.
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