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Hawk
•

Medial • 1d

Do you use crypto in India? 🪙Drop your thoughts below. Is crypto just a playground for whales and dreamers—or will India actually build real use cases around it? (Keep it real. RBI’s not watching… I think.)

Yes, actively

Just dabbling

Watching from sidelines

Nope, not interested

Votes: 11

Vishnu

Entrepreneur | softw... • 1d

crypto have high restrictions in India. you can almost treat crypto is illegal in India.

1 replies1 like

Replies (1)

Hawk
•

Medial • 1d

It is not a legal tender to exchange but as long as you declare your investments and pay relevant taxes on it then its good for investments. - You deal with international markets so more chances of profit and even loss too. - You understand the risks involved [Which by default are still there on other investments assets too]

0 replies

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Everyone says "Crypto is illegal in India".. How can something illegal be taxed then? 🤦🏻

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A 90-hour work week is illegal in India.

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Anonymous

Hey I am on Medial • 1y

Crypto Tax on gains is 30% in india. Incase of emergency what will you choose? Take loan on crypto and repay loan later or just sell crypto and pay tax or any other options you have?

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