Is Cryptocurrency Trading Legal in India? Tax, Risks & Regulations Cryptocurrency trading in India exists in a gray area. While it is not illegal to trade in digital assets like Bitcoin and Ethereum, there is also no specific regulation governing this space. This means that while you can buy, sell, or hold cryptocurrencies, they aren’t recognized as legal tender by the Indian government. The only official currency in India is the Indian Rupee, issued and regulated by the Reserve Bank of India (RBI). So, businesses are not obligated to accept crypto as payment, and any transactions made with cryptocurrency fall outside regulated financial norms.

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