I think you already created a thread regarding the same case here : https://bitcointalk.org/index.php?topic=2776731.0

So it is better to lock one of the thread now.

By the way bitcoin is still legal in india and you can start trading bitcoins in india if you want but you need to pay the taxes which is implemented by the government of india.

Strictly saying, Bitcoin is neither legal nor illegal in India. But since it is not illegal, it is OK to trade in Bitcoin or any other crypto-currency. But you should remember a few things here. Although it is not illegal to trade in Bitcoins, you need to pay capital gains tax on the profits from trading. Also, check this article:

https://www.gadgetsnow.com/tech-news/tax-axe-finally-falls-on-thousands-of-bitcoin-investors-in-india/articleshow/62570839.cms

I am not from India but I have connections to some Indian individuals here on forum but I think it is legal on there country by now but there are rumors of banning exchanges there and those taxes involvement on the use of cryptocurrencies. I am aware that cryptocurrencies are healthy on their country hope that doesn't end just by government interventions on crypto policies. I know policies are good but hope every government doesn't overboard that crypto earners will not be in vain too.

Hi All,

I am from India. This is my first activity here and it is taking time to get to understand how bitcointalk.org works. Nevertheless I am about to complete 1 year in crypto and reading extensive about this space.

As far as the legal perspective is concern, that's a tricky question. We have already entered into an era where money is being redefined. The invention blurs the line between legal and illegal and offers a better, transparent, open and trustless means for transacting.

It certainly is a mammoth task to keep track of all the individuals when distributed computing's nature makes it hard to do so. Many experts who are in the industry for long have been vocal in terms of criticism towards government for their inefficiencies.

Crypto is eating Fiat!

We also witnessed a sharp rise in Privacy focused projects which makes a point that governments should focus on alternative and much healthy ways of taxing it's citizens.

Government does realise the potential of underlying technology 'Blockchain'. IRDBT which is under RBI has successfully done POC and the paper is available on public domain.

Trying to regulate something of non-regulative nature is quite a challenge.

As this point of time : kind of neither legal or illegal. You are at your own risk.  

Have you checked the Indian subforum here?
Please spend some time reading up on the various discussions there and make up your mind. No government controls Bitcoin so it is neither legal nor illegal. But in most instances, like in the case of US, Bitcoin and cryptocurrencies are tagged as 'virtual property' and are taxed accordingly.

In India however, the government is just waking up to the idea of taxing Bitcoin investments. Recently the IT department sent a bunch of HNI bitcoin investors and traders a notice where all the details of their portfolio and so on. But that was a fruitless effort.

I suggest you follow the Indian subforum closely and read the posts there.

Yes bitcoin is still legal in India,but there is a serious discussion going on Indian government for regulating the bitcoins because Indian government realized that many people from India are earning huge money through crypto currency but no one is paying taxes for that income.Recently a central minister address about this issue in parliament.Since that there are lots of rumors created that India banned bitcoins but not yet maybe soon we have the official announcement from the Indian government.

i'm from asia, but my country not legal this bitcoin, and if there some countries in asia been legal, maybe in the near future my country will follow others country to legalize this, we just wait

I don't know exactly about trading strategy for newbie, but I think mining is the best way for newbie at bitcoin. Because you gotta learn a lot of it first then you start trading. It just my opinion and I hope it work for you.

A general rule for not falling for scams - If the website or something says that you can receive a 100x roi on their project, it's probably going to be a scam. Also, there seems to be nothing about what the coin actually is for.