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Legal Issues for NRI's selling property in India | Home ... from i.pinimg.com Quick switch ticker online courses investing tools legal services books affiliates careers Yes, buying and selling bitcoins is legal in india but currently there are no rules and regulations that cryptocurrency will treated as commodity or asset. The status in terms of buying, selling or trading cryptocurrencies in india is absolutely legal. From income tax perspective, you need to pay tax on the profit you make out of trading of bitcoin (i.e. India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told reuters. 1.1.4 is bitcoin legal in india? Yes, you can buy as well as sell cryptocurrency in india via the above famous bit coin exchange platforms written above. As rbi has imposed a ban on cryptocurrency in 2018.
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That means you can buy, sell, own, and store digital assets without violating any law in india.
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