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.and may be legally mined, bought, sold and traded on a local commodity exchange.52 the use of bitcoin do everything to discontinue the use of bitcoin and other virtual currencies in india for criminal uses. Hello everyone, cryptocurrency is creating a lot of buzz. Yes it became completely legal in india on 3rd april 2020 (after supreme court overturned rbi's decision on cryptocurrency ban of 2018). No law in india makes mining, buying, selling, trading bitcoins, or alike cryptocurrencies illegal in india. You have to pay capital gains taxes on there are also a few entities in india which are operating bitcoin exchange/trading platforms dealing in buying, selling, storing, using and accepting. Wazirx is india's most trusted bitcoin & cryptocurrency exchange. I can only give you this clue that we are not closing our minds, we are looking at ways in which experiments can happen in the digital world and. What does the future hold for cryptocurrency?watch this short video to.
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Various websites are offering these types of bitcoin and altcoins trading. The government does not recognise cryptocurrency as legal tender or coin and will take all. Buying & selling has never been simpler. They are just like normal currency but without any physical form. Click on 'buy/sell', enter the desired amount to buy bitcoin in india.
No law in india makes mining, buying, selling, trading bitcoins, or alike cryptocurrencies illegal in india. 1 cryptocurrency legal in india. There is no law prohibiting indians from buying/selling cryptocurrencies in india. Now click on 'buy' and 'slide to confirm' purchase. The bitcoin apps ensure you have a bitcoin wallet which helps in storing and selling bitcoins. So this law does exactly what you say it should be doing. They are just like normal currency but without any physical form. They are a cryptocurrency and a digital payment system.
Cryptocurrencies are not legal tender.
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