Cryptocurrency Q&A
Is bitcoin trading legal in India?
Is bitcoin trading legal in India?
DavidLee
Wed Dec 25 2024
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7 answers
1527
I am interested in understanding the legality of Bitcoin trading in India. I have heard mixed reviews and would like to get a clear answer on whether bitcoin trading is allowed in the country. Additionally, I would appreciate any insights on the regulatory framework surrounding cryptocurrency trading in India.
7 answers
CryptoPioneer
Fri Dec 27 2024
Despite this, there are no explicit laws prohibiting the use of cryptocurrencies in India.
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Carolina
Fri Dec 27 2024
Sahil Arora, a partner at Saraf and Partners, has provided insight into the country's stance on cryptocurrencies.
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Lucia
Fri Dec 27 2024
Arora described the position of cryptocurrencies in India as "legally nuanced," highlighting the complexity of the issue.
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CosmicWave
Fri Dec 27 2024
India has yet to classify cryptocurrencies as either illegal or legal tender.
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amelia_harrison_architect
Fri Dec 27 2024
The lack of a clear legal status places cryptocurrencies in a grey area within the Indian legal framework.
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