Table of Contents
Where can I buy litecoin in India?
Binance is the best place to buy, sell, trade, and hold LTC easily. Signing up for a Binance account will allow you to buy, sell, and hold cryptocurrency.
Is cryptocurrency is legal in India?
At present, there is no legislature that covers cryptocurrecies in India. However, that does not make cryptocurrency illegal in the country. It simply indicates that there is no regulatory framework to safeguard cryptocurrency owners in the country.
Is it legal to buy litecoin?
Next, you’ll be asked to verify your identity and address. This Know Your Customer (KYC) process is a legal requirement for every user of US cryptocurrency exchanges. You can purchase Litecoin with fiat currency, such as US dollars, or use another cryptocurrency to acquire coins.
Is ethereum is legal in India?
India at present has no regulation for cryptocurrencies – a set of decentralised digital currencies such as Bitcoin, Dogecoin and Ethereum that are not regulated by any banking regulator. It is to be noted that the cryptocurrency bill is listed at a time when the level of interest in the subject is very high.
Is it safe to invest in bitcoin in India?
6) Yes, In today’s financial world, mining of Bitcoins is a safe investment in India. Mining of Bitcoins is overall a digital cryptocurrency. Bitcoin mining is the safe investment anywhere one wants to opt for around the world.
Why did India ban bitcoin?
No Regulations on crypto-currency: All the crypto-currencies have no regulations. That means no one can control any crypto-currency.
Is bitcoin going to be banned in India?
However, bitcoin and other cryptocurrencies are not banned in India, both the government and the RBI have confirmed. The Indian government is still working on a cryptocurrency bill. It was supposed to be introduced during the budget session of parliament but it was not.
What would be the legal status of bitcoin in India?
Currently, the legal status of Bitcoin is not defined in India. It is not even legal and not yet illegal. Trading with these virtual currencies is not against the law for the moment. Its status is pending. In the year 2017, Finance Minister Arun Jaitley announced that the country would not recognize any cryptocurrencies as legal tender.
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