Crypto in India: 5 Things You Must Know Before Investing

Simran

Crypto is legal in India but not legal tender; you can trade it, but it cannot be used as official currency.

Crypto gains are taxed at 30% with 1% TDS on transactions; losses cannot be offset against any income.

Crypto markets are extremely volatile; prices swing sharply due to speculation and global trends.

Use secure exchanges and cold wallets; scams, hacks, and phishing make safety a top priority.

Regulations are evolving; FIU-IND compliance and strict reporting rules make full disclosure essential.

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