cryptocurrency trading is legal in india
As of September 2021, cryptocurrency trading is not illegal in India. However, the legal status of cryptocurrencies in India is complex and subject to ongoing debate and regulatory changes. In 2018, the Reserve Bank of India (RBI) issued a circular prohibiting banks and other financial institutions from providing services to individuals or businesses dealing with cryptocurrencies. However, in March 2020, the Supreme Court of India quashed this circular, thereby lifting the ban on cryptocurrency trading.
However, there are still some regulatory uncertainties in India regarding cryptocurrency trading, and the Indian government has been considering introducing a new law to regulate cryptocurrencies. As a result, it is important for anyone interested in cryptocurrency trading in India to stay updated on the latest legal and regulatory developments.
However, there are still some regulatory uncertainties in India regarding cryptocurrency trading, and the Indian government has been considering introducing a new law to regulate cryptocurrencies. As a result, it is important for anyone interested in cryptocurrency trading in India to stay updated on the latest legal and regulatory developments.
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