Rules & Regulations for Bitcoin exchanges in India.

[Rajadurai]

Pls anyone tell me the rules and regulations for Bitcoin exchanges in India.

[btcdamnit]

Well
There aren't any regulation as of now
But the cabinet meeting is Already set
and the Laws are being developed
Still the exchanges are taking Kyc for the registration of users to prevent money laundering

[ahmad21]

Well
There aren't any regulation as of now
But the cabinet meeting is Already set
and the Laws are being developed
Still the exchanges are taking Kyc for the registration of users to prevent money laundering

Yes until now govt. Is mostly concerned about how much people are earning by trading bitcoin. There are not many laws about regulation of bitcoin. There are a few reports that India is even developing its own crypto so regulations are surely coming soon.

[SixOfFive]

Rules are quite Simple:
You need to submit KYC form with the required documents like PAN card, ID proof(AADHAR card) and bank a/c no. you want to associate with.