Assets, Bitcoin

Can I Buy Bitcoin in India?

As of now, there is no official ban on Bitcoin in India.

People are free to buy and sell Bitcoin, however, RBI has not given any directive to banks to process Bitcoin-related transactions. This means that people deal with Bitcoin at their own risk.

NOTE: WARNING: Please be aware that buying and selling Bitcoin in India is currently not regulated. This means that there is a high risk of fraud and other potential issues. If you choose to buy Bitcoin in India, please do so with extreme caution and only with a trustworthy seller.

While there is no ban on Bitcoin, the government is reportedly looking into regulating the cryptocurrency. A committee headed by Subhash Garg, the secretary of the department of economic affairs, is currently working on a report about regulating cryptocurrencies.

The committee is expected to submit its report by the end of July.

In the meantime, people can continue to buy and sell Bitcoin in India. However, they should be aware that the government may take action to regulate the cryptocurrency in the future.

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