Is accepting cryptocurrency legal in India? The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is yet to be tabled by the government. The Bill seeks to prohibit all private cryptocurrencies in India, however, “it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses,” the document reads.
Can I purchase crypto in India? To begin with, you can buy and sell Bitcoin in India through a cryptocurrency exchange. For the uninitiated, a cryptocurrency exchange is a virtual platform that lets you trade cryptocurrencies.
Can I invest 1000 RS in Bitcoin? You can buy a fraction of a Bitcoin. For instance, you can buy Bitcoin for Rs 100 or Rs 1,000. Editor: The latest Bitcoin price (1 BTC) as of this posting is Rs 66,122 (see www.zebpay.com).
Is WazirX legal in India? However, it doesn’t mean that you can’t trade in cryptocurrencies legally. Exchanges like WazirX operate on self-imposed regulations, where one is held to the same standards as a traditional exchange.