I have read that Paytm is blocking the bank accounts related to crypto trading. There is no particular bill or rule on the basis of which they are taking such actions. They are working according to their own interests and regulations. So I think it is high time for government to come out with a decision regarding the legal status of Cryptocurrencies so that the people and even banks can be clear about their usage.

There is a debate happening that there is a chance that second wave could hit the country and if this happens India would be effected most badly with it since currently approx. 0.1 million cases are being recorded daily and if second wave comes it would be unimaginable how many cases could rise and what will happen to people and their businesses.

Thanks for the link. Have you ever used their service? I mean I am just trying to understand if they are genuine or not!

I dont think Indian government will regulate bitcoins anytime soon. They set up a committee recently and they suggested that all the all the crypto currencies should be banned in india. Government wants to ban bitcoin while supreme court doesn't.

Yes, that could work if you're in good terms with a bank employee but it is possible that even bank don't have that information. Maybe they get told by authorities to seize the funds as it is a criminal matter and they just do what they're told.

Peoples fine it difficult to understand what is cryptoccurrency most especially bitcoin,but their interested over cryptoccurrency.
I just suggest that their should be a TEXT BOOK that will discuss about cryptoccurrency in order to educate people who are interested because referring them to online shows that know Manuel evidence of cryptoccurrency. And if their is any article that guide bitcoin.

Zebpay is far behind now if you compare it with other exchanges who were operating after the RBI ban. I used to use zebpay in those days but now I prefer WazirX, CoinDCX and Giottus. They are far better and have a decent amount of volume if you compare them with Zebpay.

Bisq

I heard someone say it... It is hands down the best; but it is a shame tht few of us use it.

Localcryptos FAQ says it may need to 'collect and verify the identities...' - do they have lesser KYC requirements than other P2P sites? (compared to LB and Pax)? Thanks.

Hello,

After reading this I had a doubt, we pay taxes, I agree. But only for transactions done in fiat right ?

Everything we do with our bank account is monitored by the RBI and we are questionable and taxable for the same. They are also freezing our bank accounts for being involved in crypto trading. How do they expect us to give them data of something like this when they themselves don't support it.

Also, am I taxable if I just store my BTC as it is ? Like, I sold a service, got paid, I never cashed it out : I just want it to remain as it is in my wallet.

Is Zebpay still a thing in India or it's banned ?

Yes. I don't know what you mean by get things done unofficially? You mean like bribe the peon or something? I mean it might work or not but I guess you could try that. And yes, the bank account would remain frozen until they get to the bottom of the things. And they might have lot on their plate already. So it would take a very long time.

India is very big country with many different problems and political system which is really hurting badly many states already not going with Central Government because they have not policy about this they need to think about this very seriously and quickly because its going to be worst for them nearly 90K+ daily new cases mean they are going to kill many more today after reading few reports I am really feeling bad for them because now I am feeling politicians want to cut population through this virus nothing else.