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As an Indian Citizen, I can not legally trade in Crypto.
by captn3m0 7y ago
As an Indian Citizen, I can not legally trade in Crypto.
- piyush_soni 7y agoAre you saying it just because you read it in some online article? There is no current law that prevents your to trade in crypto in India. There is news of a proposed bill that might make it illegal in future, but that's about it. We don't know if it will ever see the light of the day...
- captn3m0 7y agoYou're right. I should have clarified (typed on phone). Financial businesses are not allowed to service any entity dealing with crypto currencies. If I'm a publication business, if I start accepting BAT tokens, I lose my ties with my bank. Not really a ideal situation. The circular: https://rbi.org.in/Scripts/NotificationUser.aspx?Id=11243 https://rbi.org.in/Scripts/NotificationUser.aspx?Id=11243