Bitcoin law/ Bitcoin in India/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. Bitcoin's legal status in India is complicated. In April 2018, the Reserve Bank of India (RBI), the central bank of the country, issued a circular directing all entities regulated by it to stop dealing with virtual currencies like Bitcoin. This led to a lot of confusion and uncertainty in the crypto industry, and many businesses had to shut down as a result. However, India still has no clear regulations regarding cryptocurrency use and taxation. This decision effectively lifted the ban on cryptocurrency trading in India. Since then, Bitcoin and other cryptocurrencies are legal to buy, sell, and trade in India. However, in March 2020, the Supreme Court of India quashed the RBI circular, ruling it unconstitutional. Bitcoin and other cryptocurrencies are currently legal to trade in India, but the regulatory environment is still uncertain. It is important for individuals and businesses involved in the cryptocurrency industry to stay updated on the latest developments and regulations in India. At Saanvika Legal Associate, other laws cases like business law, financial law, insurance law, environment law, consumer law, property law, banking, tax, cyber, labor, constitutional, legal registration, NOCs, litigations, criminal, family law, etc. are provided. With experienced lawyers, we offer all types of Law services that ensure your case's success.