Hello Guyz, i got an information that cryptocurrency law are very tight in india. Is it true that anyone caught in cryptocurrency dealing in india will get a prison term.
Yes that's true dealing with cryptocurrency in India is getting worse and worse and after RBI restrictions on banking system this is going more worse than ever. Also there are so many rumors coming day by day about crypto-currency like last rumors was if you hold crypto or dealing with crypto then you get 10 years in jail. But this is just rumors and their is no such official announcement by Indian government that you get jail if you holding Crypto. So no one can make you jail for holding crypto. That kind of rumors makes people afraid to invest in bitcoin. So if that kind of news you saw so first you do research and find the source of the news.
Any reliable and safe source to buy bitcoin with india rupee. I need your opinion now. it is very urgent.
I used wazirx for buying Bitcoin with fiat. But you need to follow this instructions :- When you are going to buy bitcoin on wazirx then during payment don't put reference like buy bitcoin, wazirx payment, payment for crypto etc. Because if banks caught that reference then banks could seized both accounts (buyer and seller account) .