I don't think India cryptocurrency is illegal in India. In a recent article from Forbes, Ajeet Khurana, head of the Blockchain and Cryptocurrency Committee (BACC) of Internet and Mobile Association of India (IAMAI) said the cryptocurrency was even mentioned in India's national budget. Here's what he said, I recognized that it was a step in the right direction. Having the finance minister say that cryptocurrency isnt legal tender is perfectly logical -- every nation barring Japan has taken this stance. It doesnt mean crypto trading is illegal, but comes with its own risks like any other investment asset in the market.
Read the full article here:
https://www.forbes.com/sites/sindhujabalaji/2018/02/06/india-is-not-banning-cryptocurrency-heres-what-it-is-doing-instead/#1273b9587c6fHope this clears out the misconception.
