Is buying cryptocurrency legal in India? Is Cryptocurrency Legal in India? Taxing cryptocurrencies does not give them legal status in the country, finance minister Nirmala Sitharaman clarified in the Parliament. It’s the country’s sovereign right to tax cryptocurrency transactions.
Is crypto investment safe in India?
The Most Favoured Cryptocurrency.
|CRYPTOCURRENCY||MARKET CAP (Approximate)|
|ADA||USD 39 billion|
|SOL||USD 7.9 billion|
Is crypto taxable in India? From being called speculative products to ‘virtual digital assets’ (VDAs), cryptocurrencies have come a long way. From April 1, India introduced a tax on all VDAs. The law states that any income earned from the transfer of digital assets would be taxed at 30 per cent with no deductions or exemptions.
Can I buy Bitcoin for 100 rupees in WazirX? The price shifts almost every second. However, you can buy a fraction of a Bitcoin at prices as low as INR 100 on WazirX!