Crypto currency in India is unregulated but it is not yet illegal. However, the RBI has on occasion cautioned investors of inherent risks. RBI always déclassé that they cannot take crypto currency as a tender currency, and even we are also agree with this statement of RBI because of the volatile nature of crypto currency.
An inter-disciplinary committee set up by the government is examining the framework of virtual currencies.
says an I-T official. Which means every individual need to pay income tax on the earning of Crypto Currency."That said, even if Crypto currency were illegal, income earned needs to be declared and tax paid,"