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India banned banks from dealing in bitcoins and left the overall legal status of cryptocurrencies unclear.
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Cryptocurrency In India Usage And Regulation India Briefing News from www.india-briefing.com The exchange enables traders to buy, trade, and sell bitcoin, litecoin, ripple, ethereum, and many other cryptocurrencies in india. While trading of cryptocurrency was always legal, it was not allowed for banks to provide services to crypto companies, thus making it. But how can you as an indian trade in bitcoins from india in 2020? Even bitcoin mining could be legal in india in the future. Yes, it is absolutely legal to buy bitcoin in india as the supreme court of india has lifted the ban on cryptocurrencies. Trading bitcoin in india there was a momentary ban implemented on trading cryptocurrencies in india by the reserve bank of india, however, it was later reversed on the order of the supreme court on march 2020. It is because bitcoin mining involves a lot of investment. As bitcoins and other cryptocurrencies are now legal in india, indians are looking forward to getting their hands dirty with bitcoin trading.
Let's take a look at what it took to get here.
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Considering the enthusiasm and the potentiality of the market, it is quite certain that bitcoin has a good future in. India's supreme court made a landmark decision, and on march 4, 2020, the ban was lifted and restrictions on trading bitcoin in india lifted. It is not illegal to sell, buy or trade bitcoins in india. There was a momentary ban implemented on trading cryptocurrencies in india by the reserve bank of india, however, it was later reversed on the order of the. On the whole, bitcoin's legal status in india is not too positive.
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Very nice trading interface and easy to use.
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