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Countries where ethereum is banned or legal. Does india allow altcoin trading? In march 2020, things took a positive turn, and bitcoin was declared completely legal in india. Income tax on bitcoin & its legality in india. In may 2017, the government sought public views on future of bitcoins on mygov.
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Bitcoin ethereum or any crypto currency trading illegal in india jaitley business news india tv. And many african countries have remained silent on the matter of bitcoin, so their stance is still not clear. Bitcoin legal or illegal in india? In india, foreign exchange or forex trading is not allowed. The question of whether bitcoin is legal or illegal in india is now settled, and things take a po. Adultery is considered illegal in 21 american states, including new york, although surveys show that while most americans disapprove of adultery, they don't think of it as a crime. The head of indian it trade organization nasscom reportedly stated that cryptocurrency is illegal in the country, after two men installing a bitcoin atm cryptocurrency is currently legal in india, but in july the reserve bank of india (rbi) banned the country's banks from servicing businesses involved. Well, this is still to be decided by the supreme court. Income tax on bitcoin & its legality in india. Hdfc says indian interest in bitcoin is driven by fads, while crypto exchanges are considering a court battle over restrictions. In some countries, even the mere possession of cryptos can get you to prison, while many of them have not even bothered to regulate it, leaving ethereum and other cryptos in legal limbo. In the present day, one can legally invest in or buy cryptocurrencies in india. At present buying,selling or mining of bitcoins is not law breaking which means it can be continued.
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