LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

John Wick   08 February 2022

Is Cryptocurrency legal for government employees?

The government has made Cryptocurrency is legal in India now but I wonder is it legal if government employees trade and invest in Cryptocurrencies?


 1 Replies

Aryan Raj   08 February 2022

Dear Queriest,

According to rule 16 of the CCS CCA (Conduct Rules) rule- A government employee can invest in the cryptocurrencies as cryptocurrencies are not deemed illegal in India but the government does not consider crypto-currencies to be legal cash or coins and will take all necessary steps to prevent them from being used to finance illegal activities or as part of the payment system. 

Therefore investment in cryptocurrencies is definitely permissible but you will not be able to use it for any kind of transaction. And in case you carry out a transaction using crypto you will not be able to take any legal assistance in case of any miss happening.


Aryan Raj 

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »

Post a Suggestion for LCI Team
Post a Legal Query