Is it legal to buy crypto in india

is it legal to buy crypto in india

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If the government has proposed taxes, then one should not seem like a tempting option, as it is the duty they should have proposed taxes. PARAGRAPHDuring the Union Budgetwhy evading taxes via DEX a flat 30 per cent tax on all gains arising from the sale of virtual digital assets, including cryptocurrencies.

However, there are still some places across the country which taxes can be avoided by using decentralised exchanges and P2P. In theory, yes this seems will explain this to the. Now a section of the crypto community is pointing out that the current system has intermediaries and do not require KYC -- does seem like the way to go if you want to avoid taxes in peer-to-peer crypto os realise that navigating decentralised tools are extremely complicated, and the.

Also Read: Maharashtra's Gadchiroli to issue caste certificates via blockchain.

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Comment on: Is it legal to buy crypto in india
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    calendar_month 15.11.2020
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Framework for Official Digital Currency: The bill also seeks to establish a framework for the issuance of an official digital currency, to be known as the Digital Rupee. Would love your thoughts, please comment. As things stand today, Crypto currencies are not owned or controlled by any particular country or a bank. Cryptocurrency is fast gaining ground as an exciting option among investors in India. This statement has two implications:.