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Is Trading in Cryptocurrency Legal in India? | Banking ... from lawrato.com While exchanges are legal in india due to the absence of a robust regulatory framework, a protracted licensing process makes it very difficult for certain cryptocurrency services and innovative technologies to operate. There are 2 types of tax you have to pay — 1.short term capital gain Cryptocurrency exchanges responded with a lawsuit in the supreme court in september and won respite in march 2020. Cryptocurrencies are not legal tender in india. Is it legal to own cryptocurrency in india: Free with a starter account or from $29, is cryptocurrency stellar trading binance allowed in india. This post is tagged under: It is said to have asked banks to make a decision based on the advice of their legal and compliance departments.
India's ministry of finance has answered some questions regarding the status of cryptocurrency trading in the country as well as crypto regulation and investor protection.
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