4. Is Crypto Legal in India? 🇮🇳
Yes, cryptocurrency is legal in India, but with some important rules and limitations.
As of now (2025), the Indian government has not banned crypto, and people are allowed to buy, sell, and hold cryptocurrencies like Bitcoin, Ethereum, and others. You can use popular crypto exchanges like WazirX, CoinDCX, and Binance in India to trade legally.
✅ What You CAN Do:
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Buy and sell crypto on registered platforms
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Invest in Bitcoin, Ethereum, and other coins
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Pay taxes on your crypto income or gains
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Use crypto for educational or learning purposes
⚠️ What You CANNOT Do:
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You can’t use crypto as official currency to buy goods in shops
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Crypto is not recognized as legal tender (like INR)
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RBI and SEBI don’t regulate crypto directly, so you must be cautious
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Crypto scams are common — always use verified exchanges
💰 Tax Rules in India:
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30% tax on crypto profits
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1% TDS on every transaction
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Losses in crypto can’t be adjusted against other incomes
🔐 Final Note:
Crypto is legal to invest and hold, but not legal tender. The government is still working on a full regulation framework. So, stay updated and always invest responsibly.
Want to know how to start crypto investing step-by-step in India? Just say "Yes, show steps." 🇮🇳💹
