Why Cryptocurrency Is Illegal In India

Last Updated on April 7, 2024 by Paganoto

India Says Crypto Not Illegal as It's Taxed Like Gambling Win

The Indian government said it doesn't treat trading in crypto assets as illegal, a day after it announced taxing such transactions just the same as winnings from gambling. “They are in a grey area. It's not illegal to buy and sell crypto,” Finance Secretary T. V. Somanathan said in an interview to Bloomberg Television.Feb 1, 2022

India has stepped back from banning crypto—here's how it …

India has had a hot-and-cold relationship with digital currencies, which existed in a grey area. In 2018, it effectively banned crypto …

Making Sense of India's New Crypto Rules – CoinDesk

Only the cryptocurrency issued by the Reserve Bank of India (India’s central bank) – i.e., the digital rupee – will be a legal currency or legal …

India to propose cryptocurrency ban, penalising miners, traders

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, …

Is cryptocurrency legal tender in India? What we know so far …

“Rest all are not legal tender, will not, will never become legal tender. Bitcoin, Ethereum, or any picture of Actor become NFT will never …

Why is the Indian government cracking down on cryptocurrency?

A proposed clause in the new law, which is still being debated, would allow for the possession of cryptocurrency as an asset and ban its use as …

A look at cryptocurrency's journey so far in India

Currently, there is no regulation or any ban on the use of cryptocurrencies in the country. The Reserve Bank of India’s (RBI) order banning …

Cryptocurrency bill: All top countries where crypto is legal …

India has levied a 30 per cent tax on crypto investors, and a 1 per cent TDS on every crypto intra-traders. Currently, India has not regulated …

India and Cryptocurrency – Freeman Law

India and Cryptocurrency · Currently, cryptocurrencies are not regulated in India, and the nation’s government has stated that cryptocurrencies are not legal …

India says crypto not illegal as it's taxed like gambling win

NEW DELHI: The government said it doesn’t treat trading in crypto assets as illegal, a day after it announced taxing such transactions just …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.