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This is specifically for indians living in india because many other countries are making crypto legal.as indian government has not made crypto legal, are you guys investing in it? To sum up, bitcoin is legal in the usa, however, there is no clarification about the legalization of other cryptocurrencies. Well, first they offered to make a special for the quora community and they are very interested in getting feedback from quora users and learn what other features you would like to see. The legality of cryptocurrencies has been one of the main concerns of india. From exercising caution over bitcoin cryptocurrency, the government of india could finally be moving towards compliance.
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The national payments corporation of india despite the public revelation from the npci, india's stance on cryptocurrency is still uncertain.
Many indians who didn't find indian's technological environment so conducive finally shifted to countries like us or canada resulting in huge brain drain from india. 12 thoughts on is cryptocurrency/bitcoin legal in india? The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate in 2019, a petition has been filed by internet and mobile association of india with the supreme court of india challenging the legality of. How do i buy/sell bitcoins/ethereum/tokens inindia. Can people buy large amounts of crypto e.g. Bitcoin cryptocurrency to become officially legal in india soon. But it is more important to know the effects of the historic decision. Why is the indian government banning cryptocurrencies in india and what is cryptocurrency? Cryptocurrency trading in india is of high unclarity and no proper guidelines are available. This is specifically for indians living in india because many other countries are making crypto legal.as indian government has not made crypto legal, are you guys investing in it? Following countries have declared cryptocurrencies as illegal. Currently cryptocurrencies can't be used as a legal tender in india meaning your can't use them for payments. But still, it is not clear in india that crypto is legal or illegal(according to a prudent person).
Its popularity can be seen when its price jumped from. But still, it is not clear in india that crypto is legal or illegal(according to a prudent person). What followed was a public outcry and a. Rbi has issued guidelines previously that whoever intends to. Back in february, it was reportedthat the country had.
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Why is the indian government banning cryptocurrencies in india and what is cryptocurrency?
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تقسيم Ùرعي نسب جرار زراعى Best Bitcoin Wallet Quora Findlocal Drivewayrepair Com from i.ytimg.com In other words, practically speaking, it was not legally possible to buy or trade cryptocurrencies in india. Last month, india's supreme court gave the government four weeks to draft a regulatory framework for cryptocurrencies that would determine the legal landscape of the cryptocurrency market in india for the foreseeable future. Cryptocurrency is an emerging form of money that exists digitally and has been making waves all over the world in recent years. Rbi has issued guidelines previously that whoever intends to. Indian finance minister arun jaitley reiterated in the national budget announcement that. To sum up, bitcoin is legal in the usa, however, there is no clarification about the legalization of other cryptocurrencies. If i asked someone in india to pay me in crypto, could they manage it? A cryptocurrency has many cryptocurrency features available to support financial transactions.
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