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In the face of plummeting trade volumes, cryptocurrency exchanges filed a lawsuit in the supreme court and won the case in march 2020.
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Cryptocurrencies are not illegal in india.
Coinsutra » news » is cryptocurrency/bitcoin legal in india? Are cryptocurrencies legal in india? Indian government is cryptic about cryptocurrency regulations. Cryptocurrency is a global digital currency with no central regulatory. Which further meant that cryptocurrencies like bitcoin are not banned india but the indian government will be consciously cracking down the illegal activities that happen via btc or other. After nearly two years of a blanket ban on cryptocurrency. There is no law prohibiting indians from buying/selling cryptocurrencies in india. Bitcoin & cryptocurrency trading in india. In 2018, an indian government panel recommended banning all private cryptocurrencies and proposed up to 10 years of jail time for offenders. Is it legal in india? The supreme court of india overturned rbi's ban on the basis that it was unconstitutional, thus providing greater clarity on whether is cryptocurrency legal in india — at least. And while foreign investment decreased overall in 2020, india was one of the only major economies in the world to record an increase. .2020, and banks cannot legally warn or threaten their customers for using cryptocurrencies.
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Updated on february 15, 2020.
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