Vishnu Raj 18 August 2020

Bitcoin mining

is bitcoin mining legal in India?

Quick Summary

The discussion clarifies that Bitcoin mining is legal in India following a Supreme Court ruling that deemed the RBI's ban on banks serving crypto businesses unconstitutional. This means the banking ban has been lifted, and both the government and RBI confirm cryptocurrencies, including Bitcoin, are legal. While this resolves doubts about the legality of crypto transactions, users are advised to remain cautious about the future of cryptocurrency.

2 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 19 August 2020

The Indian supreme court has ruled that the RBI circular which bans banks from providing services to crypto businesses is unconstitutional. The RBI banking ban on the crypto industry has now been lifted. ... Both the government and the RBI have confirmed that cryptocurrencies, including bitcoin, are legal in India.