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Short answer: yes

Buying, holding and selling crypto is not banned in India. It is taxed and regulated for anti-money-laundering purposes, but it is not legal tender.

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2018: RBI banking curbs

In April 2018 the Reserve Bank told banks and payment firms it regulates to stop dealing in or servicing "virtual currencies".

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2020: Supreme Court steps in

On 4 March 2020 the Supreme Court set the RBI circular aside as disproportionate, reopening banking access for exchanges.

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2022: the tax regime

The Finance Act, 2022 created the VDA category: 30% tax on gains from 1 April 2022 and 1% TDS on transfers from 1 July 2022.

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2023: anti-money-laundering law

Since March 2023, crypto service providers serving Indians must register with FIU-IND. In December 2023 FIU-IND sought URL blocks against nine offshore exchanges.

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2026: new Income-tax Act

The Income-tax Act, 2025 took effect on 1 April 2026. The 30% rule and 1% TDS carry over, now in sections 194 and 393.

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Read the full guide

Official sources, worked examples and FAQs are in the full guide on btcmedia.news.

General information, not tax advice.

Read the guide