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They know that these digital platforms witnessed a surge in transparency, and consumer protection is.
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| India cryptocurrency as legal tender or coin | 193 |
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| India cryptocurrency as legal tender or coin | The decentralized, borderless nature of these digital assets poses challenges in jurisdiction, monitoring, and enforcement. Therefore, uncertainty around several aspects of the crypto ecosystem remains and will be determined by the law. When bitcoin is exchanged for sterling or for foreign currencies, such as euro or dollar, no VAT will be due on the value of the bitcoins themselves. In other words, you could buy groceries only with the digital rupee and not ether, bitcoin or any other cryptocurrency. Exemptions and thresholds have been defined for the benefit of certain categories, including individuals. As of 1 April , the Thai government no longer allows cryptocurrencies to be used as payment for goods or services. |
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Indian Supreme Court On Crypto!However, the government does not recognise cryptocurrencies as legal tender or coin and intends to curb their use in financing illegitimate activities or within. Yes, it is legal to trade and invest in Bitcoin in India as the sector is unregulated, but Bitcoin is not legal tender in the country. Some crypto watchers seem. Bitcoin and cryptocurrency is not legal tender in Brunei Darussalam and are ^ "India might ban private cryptocurrencies like bitcoin and develop a national.
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