Is cryptocurrency legal in India | Cryptocurrency Ban | Taxkundali
The Indian government is not looking to ban cryptocurrencies in the nation, but it is looking to regulate them. This conforms to what Finance Minister Nirmala Sitharaman's announced earlier this week about Bitcoin not being known as a currency for payments in India. At the moment, no authority covers cryptocurrencies in India. But this doesn't mean that holding cryptocurrencies is illegal. The huge spike in the value of the cryptocurrency has pointed to an increase in the number of crypto buyers in India. Is cryptocurrency legal in India | Cryptocurrency Ban | Taxkundali More than 2 crore people own cryptocurrencies in India and have invested around $ 6.6 billion in cryptocurrencies till May 2021, according to an Analytics Insight report. Now the main question is that is cryptocurrency legal in India. At present, no rules and regulations cover cryptocurrencies in India, but it doesn't mean crypto is illegal. The new law will aim at banning private cryptocurrencies while p