Cryptocurrency Q&A
Which trading is illegal in India?
Which trading is illegal in India?
ShintoMystical
Mon Dec 09 2024
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6 answers
1131
I want to know about the trading activities that are considered illegal in India. What are the specific trading practices or transactions that are prohibited by law in this country?
6 answers
HanRiverVisionaryWave
Wed Dec 11 2024
Alternatively, individuals in India can engage in currency trading on the stock exchange, which is a viable option for those seeking to invest in foreign currencies.
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MysticStar
Wed Dec 11 2024
India has a unique stance on forex trading platforms, as they are considered outlawed within the country.
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Ilaria
Wed Dec 11 2024
Despite the popularity of currency trading on the foreign exchange market globally, Indian residents are unable to participate in such activities.
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SumoStrength
Tue Dec 10 2024
The Foreign Exchange Management Act (FEMA) is a piece of legislation that governs the use and management of foreign exchange in India.
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Leonardo
Tue Dec 10 2024
According to FEMA, binary trading is deemed illegal within the country, further limiting the options for Indian residents looking to trade on foreign markets.
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