Cryptocurrency Q&A
Is crypto now illegal in India?
Is crypto now illegal in India?
Valentina
Tue Oct 15 2024
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6 answers
911
I heard some news about cryptocurrency recently and I'm wondering if the legal status of crypto has changed in India. Specifically, is it now illegal to buy, sell, or hold cryptocurrency in the country?
6 answers
KpopHarmonySoul
Wed Oct 16 2024
Despite the lack of clarity, several prominent players in the cryptocurrency industry have established a foothold in India. One such example is BTCC, a leading cryptocurrency exchange that offers a diverse range of services to its users.
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Isabella
Wed Oct 16 2024
The Indian government has embarked on an ambitious journey in 2021, delving into the realm of digital currencies. At the forefront of this exploration is the potential creation of a state-backed digital currency, to be issued by the esteemed Reserve Bank of India.
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Daniele
Wed Oct 16 2024
BTCC's services encompass various aspects of the crypto ecosystem, including spot trading, futures contracts, and secure digital wallets. These offerings cater to the diverse needs of traders, investors, and enthusiasts alike, providing a comprehensive platform for engaging with the crypto market.
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Federico
Wed Oct 16 2024
This move signifies a shift in the country's stance towards digital assets, as it seeks to harness the benefits of blockchain technology while maintaining a level of control and regulation.
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Daniela
Wed Oct 16 2024
In contrast to the proposed state-backed currency, the government has taken a cautious approach towards private cryptocurrencies like Bitcoin. Currently, India maintains a neutral stance, neither prohibiting nor explicitly allowing investments in the volatile cryptocurrency market.
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