4 ms·
> Some countries like India make owning monero illegal so it's not an option for everyone. Owning cryptocurrency is not illegal in India. There is no ban on an
by wtmt 3y ago
> Some countries like India make owning monero illegal so it's not an option for everyone.
Owning cryptocurrency is not illegal in India. There is no ban on any cryptocurrencies in India. There is a hefty tax deduction at source on any transactions. Cryptocurrencies are not recognized as legal tender in India, which is the case in many other countries.
- wkat4242 3y agoI thought privacy coins are banned there: https://www.livemint.com/market/cryptocurrency/govt-to-move-bill-to-ban-all-privatecryptocurrencies-11637693131165.html https://www.livemint.com/market/cryptocurrency/govt-to-move-...
- wtmt 3y agoThat’s old news (from 2021). There are no laws on banning them yet (though the RBI, which is the central bank, has been in favor of a complete ban).