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Inc42 Shots | Is It Legal To Invest In Bitcoins In India?

Currently, the global market capitalisation of cryptocurrencies is around $256 Bn. This figure is about $65 Bn more than what it was at the beginning of the Year 2020. To offer you better clarity, the sum is over $10 Bn more than how much India’s GDP increased between 2017 and 2018 – especially in view of that it was the fastest-growing large economy back then.

The global growth of the crypto market is simply remarkable. It is enabling traders to optimize their investment plans with a tech-driven currency. But are crypto investments legal in India? Well, the short answer is, “Yes, they are.” The longer one takes us into a few specifics. They remain legal still.

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Inc42 Staff