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It is completely legal to buy bitcoin in india.
The government of india will soon impose 18% gst on bitcoin transactions. Even as economies like japan and russia move to legalize the use of bitcoins, india, despite being at the cusp of a digital. While there was a regulation forced by the reserve bank of india that made bitcoin and other cryptocurrencies illegal in this country, things have changed in april 2020, when the government canceled this ban and allowed people to trade with cryptocurrencies again. Is bitcoin legal in india? So bitcoins are legal in india but for how long? Only a legal professional can offer legal advice and buy bitcoin worldwide offers no such advice with respect to the contents of its website. However, it is legal to buy and sell bitcoin in india. This made it difficult for exchanges to operate and prevented people from easily buying bitcoin with indian rupees, but it. There have been several requests asking about how to buy alternative cryptocurrencies (altcoins) such as ether, litecoin, dash, monero and so on. Many indians who didn't find indian's technological environment so conducive finally shifted to countries like us or canada resulting in huge brain drain from india. Earlier in india cryptocurrencies got ban by the government, but in march 2020 it's again become legal. Indian companies like ibm and intel are following the footsteps of successful ventures in the west and have started investing in blockchain technologies. Indians are no behind and are doing all they can to get hold of this fiery product.
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