Post
Topic
Board Legal
Re: BITCOIN MAY BE LEGAL IN INDIA
by
OrganicCoin
on 28/12/2017, 17:00:05 UTC
It is expected that Bitcoin may be legal in India as Indian Govt. imposed TAX on transaction of cryptocurrency.
I am not quite sure why the taxing of a certain transaction would change the legal status of the traded good. I guess they do just clearify that the gains, made with cryptocurrency are taxable and if you trade with crypto it is taxable as well. This does not make it a legal currency at all.