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Since then, cryptocurrency is gaining significant momentum in india being a legal activity. Can you become rich with cryptocurrencies in india? Investors, cryptocurrency is not a legal tender in india. What does the future hold for cryptocurrency? Many developments are yet to be observed in the coming days. While the indian government is working on drafting the legal framework specifically for cryptocurrency, several existing laws apply to crypto assets in addition to the infamous rbi circular that prohibits all regulated entities from providing services to crypto businesses. Even more, india might face many consequences from the crypto ban in india. Hopefully, this piece of information may better help you in. Hope new members also got the idea about the situation of cryptocurrency in india. Bitcoin & cryptocurrency trading in india. 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 zebpay alternatives for indians to trade cryptocurrencies in 2021. Yes it became completely legal in india on 3rd april 2020 (after supreme court overturned rbi's decision on cryptocurrency ban of 2018). A cryptocurrency has many cryptocurrency features available to support financial transactions.
