Cryptocurrency Q&A
Is cryptocurrency legal in India in 2024?
Is cryptocurrency legal in India in 2024?
Nicola
Thu Dec 05 2024
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6 answers
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In 2024, the legal status of cryptocurrency in India remains unclear, with the government and central bank not giving any recognition to it. While some government officials have stated that cryptocurrency is not legal in India, there are no explicit laws banning it either. The industry operates in a gray area, with investors and businesses facing legal and regulatory uncertainties.
6 answers
Giuseppe
Sat Dec 07 2024
Regulatory stance on cryptocurrencies has seen a significant development.
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KimonoGlory
Sat Dec 07 2024
Jotwani commented on the Supreme Court's decision to overturn the RBI's ban, stating that it ensured cryptocurrencies could not be outrightly prohibited.
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Michele
Fri Dec 06 2024
Despite this ruling, Jotwani clarified that cryptocurrencies are not treated as legal tender.
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Tommaso
Fri Dec 06 2024
The Supreme Court's decision merely allows trading in cryptocurrencies to continue under existing laws.
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Maria
Fri Dec 06 2024
This ruling has created a regulatory environment where cryptocurrencies can operate within certain boundaries.
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