Quote from: hamaravijay on May 16, 2020, 07:17:17 PM

Can indians hold stable coins after converting from btc to usdt......?
stable coins belong to dollar price know like 1 coin= 1 dollar so indians can hold the stable coins......?

There is no legal framework that legitimizes cryptocurrencies in India and therefore we cannot classify them as legal or not.
Consequently, crypto transactions are related to 44ADA of the Indian Law, which provides for taxation of profits from income (Capital Gains.)
Thus, you can buy Bitcoin, hold it in a safe place, or exchange it to Stable coins without problems, but when you withdraw you must pay taxes on profits.

Some warnings:

- Since there is no legislative framework, it is dangerous to use Bitcoin/Altcoins to buy assets/gold/cars/house.... etc (transfer it to the bank first and pay taxes.)
- It is best to make BTC --> Alt exchanges using decentralized platforms.

Why do you need to keep hodl? The main purpose of Bitcoin is speculation?