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The united states has taken a generally positive stance toward bitcoin, though several government agencies work to prevent or reduce bitcoin use for illegal transactions. Ethereum has brought up and offered an alternative to law. The legal status of bitcoin (and related crypto instruments) varies substantially from state to state and is still undefined or changing in many of them. In india, it is neither declared illegal nor legal. However, bitcoin is never legally acceptable as a substitute for a country's legal tender.
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At present buying,selling or mining of bitcoins is not law breaking which means it can be continued.
Countries where ethereum is banned or legal. Btc falls as india plans 'to make it illegal as a payment system' bitcoin's price sunk to a low of $7,362 as india moots plans to ensure cryptocurrencies are illegal within its payments system. As of now, one may safely say that trading or dealing in bitcoins is neither legal nor illegal as far as india is. How to proceed into this business if this is legal in india! However, bitcoin is never legally acceptable as a substitute for a country's legal tender. Meaning you can buy it at your own risk. Arun jaitley had clarified that bitcoin is not a legal currency in india. Ethereum and its legal implications. It is a digital currency with value more than gold. Well, this is still to be decided by the supreme court. Bitcoin legality status all over the world legal or illegal status of bitcoin in united states india united kingdo cryptocurrency bitcoin top reasons why you should not invest in cryptocurrencies investing bitcoin chart bitcoin. As per finance minister of india. The government along with all major indian financial institutions have said that bitcoin is an illegal tender and the person dealing with it should do it the government does not consider cryptocurrencies as legal tender or coin and will take all measures to eliminate use of these crypto assets in financing.
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