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How to trade in cryptocurrency in india
Bitcoin has crossed the $100,000 mark in the US after Donald Trump’s victory in the US presidential elections, promising to support digital assets and turn the US into a “crypto capital.” This has sparked discussions on cryptocurrencies’ legality in India.
In India the Supreme Court ( SC ) has ruled in favor of cryptocurrencies, lifting a ban imposed by the Reserve Bank of India (RBI). However, India has strict taxation laws, including a 30% tax on gains from VDAs and a 1% Tax Deducted at Source (TDS) on transactions above ₹50,000. Investing in Bitcoin requires choosing a certified exchange, registering with KYC details, depositing funds, and maintaining secure crypto wallets.