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Title: delete this thread Post by: virtapayseller666 on July 16, 2014, 03:01:15 PM delete this thread
Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: bitcoinkerala on July 16, 2014, 06:02:51 PM Did you do any research on this topic ?
Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: rohnearner on July 16, 2014, 06:10:23 PM If you'll check
http://bitlegal.net/ you'll realize that India is marked as contentious. so its all ambiguous. RBI hasn't provided any clear guidelines , but i don't think it falls in illegal category the only thing depends is what you are doing with your bitcoins if you are indulged in some illegal activity like money laundering , drugs etc its illegal , if you are buying computer hardware using bitcoins from overstock its should not be called illegal. Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: BitCoinDream on July 16, 2014, 06:33:50 PM Pls Clear my dobout IS bTC is LEGAL in INDIA Pls reply with links where is it written on a website and one more question can i trade my btc in India safely You might like to check this wikipedia link - http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: virtapayseller666 on July 17, 2014, 06:16:14 AM buying computer parts only
Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: rohnearner on July 17, 2014, 08:52:45 AM buying computer parts only I didn't got exactly what you meant by that , but its not restricted to that only you can do or buy a lot of other stuff using your btc.Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: virtapayseller666 on July 17, 2014, 10:20:48 AM buying computer parts only I didn't got exactly what you meant by that , but its not restricted to that only you can do or buy a lot of other stuff using your btc.can we do mining Also ? Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: Benson Samuel on July 17, 2014, 10:30:30 AM buying computer parts only I didn't got exactly what you meant by that , but its not restricted to that only you can do or buy a lot of other stuff using your btc.can we do mining Also ? Can you use a pen and paper to calculate an algorithm? Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: subvolatil on July 17, 2014, 10:38:39 AM buying computer parts only I didn't got exactly what you meant by that , but its not restricted to that only you can do or buy a lot of other stuff using your btc.can we do mining Also ? Can you use a pen and paper to calculate an algorithm? I can the first round. heheheheh lol :P Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: Benson Samuel on July 17, 2014, 11:09:40 AM buying computer parts only I didn't got exactly what you meant by that , but its not restricted to that only you can do or buy a lot of other stuff using your btc.can we do mining Also ? Can you use a pen and paper to calculate an algorithm? I can the first round. heheheheh lol :P Hmmmm, I wonder if that will remain legal if mining is banned... ;D ;D ;D Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: adv.kanishk on July 17, 2014, 12:41:18 PM Lolzzz......My friend the stand of legality on buying/selling in bitcoins is still silent from RBI. If you just want to trade that should not be a problem, but then also it depends on how much are you spending and whether you are using your accounted money for the same or not. Income tax disclosure is also a leg attached to it. However, I being a lawyer may be scaring you a bit too much ;D
You may trade in bitcoins but if it involves huge chunk of money then do consult a consultant, but I think you are a new entrant so the huge exposure part may not be there. Happy Trading!!!! Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: virtapayseller666 on July 17, 2014, 04:31:46 PM miming on rents ?
Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: Benson Samuel on July 17, 2014, 05:03:02 PM miming on rents ? Can you rent a computer? Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: virtapayseller666 on July 17, 2014, 05:12:20 PM miming on rents ? Can you rent a computer? online renting ? Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: Benson Samuel on July 17, 2014, 05:14:40 PM miming on rents ? Can you rent a computer? online renting ? Dedicated servers? Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: virtapayseller666 on July 17, 2014, 05:17:00 PM miming on rents ? Can you rent a computer? online renting ? Dedicated servers? https://www.betarigs.com/ Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: vaisajne on July 18, 2014, 06:16:11 AM Pls Clear my dobout IS bTC is LEGAL in INDIA Pls reply with links where is it written on a website and one more question can i trade my btc in India safely This is a good read but it does not say anything about legality though, http://cis-india.org/internet-governance/bitcoin-legal-regulation-india (http://cis-india.org/internet-governance/bitcoin-legal-regulation-india) Title: Re: Pls Clear my dobout IS bTC is LEGAL in INDIA Post by: bitcoinkerala on July 18, 2014, 09:49:43 AM I am a NRI . I trade with NRO or NRE accounts .. so no TAX !!!
and foreign trades with FCNR accounts Title: Re: delete this thread Post by: Benson Samuel on July 20, 2014, 04:24:41 PM Locking thread. Unless everyone who posts after OP agrees for the thread to be deleted, I can't do it.
If you need that, should start a self moderated thread. |