Bitcoin

chintan786

Well-Known Member
#3
Is trading in Bitcoin legal in India??
yes legal. I had appeared for Interview as a trader for Bit coin company name Zebpay. They have an app where u can buy and sell Bitcoin. Min. invest Rs.500/-. In india, bitcoin trading is mostly done for hawala/money laundering. I said this in my interview and after that they have not selected me.

Is this legal. Yes.

How income is going to tax: No Idea.

Does normal guy should get into this: Stay away as far as possible.

These are my 2 cents. rest up to you.
 
#4
Is trading in Bitcoin legal in India??
Are you living in a very remote area, without any communication or newspaper.

If I say, yes it is legal, are you going to believe me
OR
You believe me, if I say, no, it is illegal in India. :D
 

cloudTrader

Well-Known Member
#5
yes legal. I had appeared for Interview as a trader for Bit coin company name Zebpay. They have an app where u can buy and sell Bitcoin. Min. invest Rs.500/-. In india, bitcoin trading is mostly done for hawala/money laundering. I said this in my interview and after that they have not selected me.

Is this legal. Yes.

How income is going to tax: No Idea.

Does normal guy should get into this: Stay away as far as possible.

These are my 2 cents. rest up to you.
Infact recently I read that Government has asked for suggestions from various groups of people involved in any way to Bitcoin to give their opinions to layout legal aspects related to Bitcoin.

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Southern_Asia

https://news.bitcoin.com/india-government-committee-investigate-bitcoin/
 
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chintan786

Well-Known Member
#7
It is NOT illegal. At least not yet.

Countries like Russia have explicitly outlawed it.

Its innocent until proven guilty.
It has already proven guilty. Zebpay was raided by ED in 2013 and still they keep eye on Bitcoin transactions. Just google it abt raid u get your answers. Here is Ahmedabad, more than 1 firm was searched and closed by ED.
 
#8
Bitcoin and XRP, Time to buy
Now it is a good time to invest in Bitcoin, prices are low and the market for Crypto is in a upturn.
according to mihansignal report, If you wait much longer you will miss the boat.
 

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