What is the legality of forex trading with cryptocurrencies in India?

3 answers

• Dec 31, 2021 · 3 years ago
  Yes, it is legal to trade cryptocurrencies in India through forex trading. The Reserve Bank of India (RBI) has not imposed any specific restrictions on trading cryptocurrencies through forex platforms. However, it is important to comply with all applicable laws and regulations related to forex trading and cryptocurrencies, such as reporting requirements and tax obligations. It is recommended to consult with a legal professional or financial advisor to ensure compliance with all legal requirements.
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• Dec 31, 2021 · 3 years ago
  Trading cryptocurrencies in India through forex platforms is legal. The legality of forex trading with cryptocurrencies is determined by the regulatory framework set by the Reserve Bank of India (RBI) and other relevant authorities. As long as traders comply with the applicable laws and regulations, they can engage in forex trading with cryptocurrencies without any legal issues. It is advisable to stay updated with the latest regulations and seek professional advice if needed.
  481161
• Dec 31, 2021 · 3 years ago
  While I am not affiliated with BYDFi, I can provide some information on the legality of forex trading with cryptocurrencies in India. Trading cryptocurrencies through forex platforms is generally considered legal in India. However, it is important to note that the regulatory landscape for cryptocurrencies is constantly evolving, and it is advisable to stay updated with the latest regulations and consult with legal professionals or financial advisors for accurate and up-to-date information.
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