Is Cryptocurrency Legal in India? Everything You Need to Know in 2025 | Tax on Crypto?

Is Cryptocurrency Legal in India? Everything You Need to Know in 2025 | Tax On Crypto?

What is Crypto Currency?

Cryptocurrencies are digital or virtual currencies that are protected by encryption, making fraud or reusing practically impossible. 

Cryptocurrencies are digital tokens. They are a form of digital currency that enables direct payments between users via an internet platform.
The market value of cryptocurrencies is determined by what buyers are willing to pay for them; they have no set legal or a natural worth.

Is Crypto legal in India?

Is Crypto legal in India?The answer is "yes" . Crypto is legal, but it's not a legal tender. Meaning, you can't use it like cash. 

The Reserve Bank of India's cryptocurrency restriction was canceled by the Supreme Court of India in 2020. Individuals can trade and hold Cryptocurrency from government registered exchanges in india.

Taxation on Crypto?

In india if you're making profits from crypto, you'll need to pay a flat 30% tax on it . Additionally, 1% TDS will be applied when selling cryptocurrency assets for more than Rs 50,000 (or Rs 10,000 in some circumstances).

According to the report, In India the future of cryptocurrency lies in creating a creative, inclusive, and decentralized digital ecosystem. This shift is a reflection of the market's increased ability and the growing focus on practical uses for digital assets.

Get rid of your doubts and begin preparing for your financial future. U.S president Donald Trump is spearheading the effort to turn the United States into a cryptocurrency hub, and nations are now piling Bitcoin as high as they did gold. The world isn't waiting.

Disclaimer:-

No tips/recommendations provided. Updates for educational purposes only. Consult your financial advisor before decisions. Admins/Members not liable for financial losses.

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