In March 2020, things took a positive turn, and Bitcoin was declared completely legal in India. This is finally a big win for the Indian crypto enthusiasts and will be part of the Bitcoin country... The Current Bitcoin Situation in India. This week’s press release by the Reserve Bank of India has caused quite a stir. Depending on how one interprets the message, it seems the RBI wants to ban all Bitcoin trading. That is not the case, although their ultimatum is still rather significant. Both the government and the RBI have confirmed that cryptocurrencies, including bitcoin, are legal in India. Parliament Member Dr. Subramanian Swamy said “Cryptocurrency is inevitable.” The aim of the discussions is to create a legal framework that will definitively ban trading with Bitcoin, Ethereum, XRP and any other cryptocurrency. According to the representative of the Government of India: There was a view in the government that banning it through a law would be more binding. It will clearly define the illegality of the trade. Bitcoin, Ethereum, XRP, Tether rank high in the list of top 10 cryptocurrencies in the world. Cryptocurrency in India: A Brief History Ok, sit tight as we unveil the story of the Digital currency. The tale of cryptocurrencies in India began back in 2008 when a group of pseudonymous developers published a paper about Bitcoin.
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It is perfectly legal to sell India. Although there are no licensed Indian brokers at present, brokers from outside India can offer their services to individuals wanting to trade there. Cryptocurrency trading & mining is a risky business, We do not guarantee any profit and earning from Bitcoin & other cryptocurrencies. You should always do your research before making any investment. The exchanges dealing in trading of Bitcoin are not authorized by any statutory or legal body in India. Therefore, a very HIGH RISK is involved. If you liked this video, You can "Subscribe" to my... Hi Guys: Maine Is Video Me Aap Sabhi Ko Bataya Hai Ki Online Trading India Me Legal Hai Ya Illegal Apko Trading Karna Chahiye Ki Nahi Video Ko Pura Zarur Dek...