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Is bitcoin legal in india?

Best Answers

Bitcoin is not illegal in India. Read self-regulation by Zebpay, RBI cautions and top global bitcoin regulations. read more

Source: zebpay.com

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Purchases of goods with bitcoin or conversion of bitcoin into legal currency "realizes" the value and any increase in price will be taxable; however, losses are not tax-deductible. Mined bitcoin is considered earned income. read more

Source: en.wikipedia.org

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USA Bitcoin is legal and regulated in USA Financial Crimes Enforcement Network (FinCEN), United States Department of the Treasury issues guidance on virtual currencies and regulatory responsibilities. read more

Source: zebpay.com

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While, RBI has not given licence to any company to trade in bitcoin, no law makes the bitcoin trading illegal in India. Listen to what Mr. Archit Gupta, CEO of ClearTax, largest e-filing company in India has to do regarding the legal status of Bitcoin in India. read more

Source: quora.com

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