Cryptocurrency Regulation in India
Cryptocurrency regulation in India is still in a developing phase. The government's stance is cautious, balanced, and aimed at phased regulation, focusing on investor protection, taxation, and coexistence with the Digital Rupee (CBDC).
Current Status of Cryptocurrency in India
- Cryptocurrencies have not yet been granted legal tender status in India, meaning they cannot be used for daily transactions like the Indian Rupee.
- There is no complete ban, nor has it been fully legalized. Individuals can buy, sell, and hold cryptocurrency, but only as a Virtual Digital Asset (VDA).
- The government and RBI have repeatedly warned investors about the risks, fraud, and financial ....
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