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Is cryptocurrency / bitcoin legal in india 2021 ?in this video i have discussed about is cryptocurrency or bitcoin legal in india ?
The legal status of bitcoin (and related crypto instruments) varies substantially from state to state and is still undefined or changing in many of them. Is bitcoin legal in india? If regulated, legality of cryptocurrencies could actually foster our economy. Bitcoin is a currency same like every country's currency, but it is not physical, it is a digital currency and does not exist in the physical format like paper or mettle or coin. Bitcoin had started off a decade back, and now it has turned out to be more of emotion for the crypto traders and enthusiasts who get affected by its low and thrilled by its highs. The internet and mobile assocaition of india (iamai) challenged the ban in supreme court however, buying bitcoin is absolutely legal in india. Income tax on bitcoin & its legality in india. Moreover, buying bitcoin is absolutely legal in india, there is no law prohibiting indians from buying/selling cryptocurrencies in india, shetty since the cryptocurrency and regulation of official digital currency bill, 2021 is already in pipeline to create a facilitative framework for creation of an. In this budget 2021 session, the centre plans to introduce a bill to ban the all cryptocurrencies in india such as bitcoin. Any exchange with a indian rupee trading pair will allow you to sell your bitcoin for fiat currency. Since 2009, it went through many ups and downs, but it found a way to survive. ✅ it is legal to buy, sell, hold & trade bitcoin or other cryptocurrencies in india. Is it legal in india?
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Is bitcoin legal in india?
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Buying bitcoins in india summary.
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