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On the whole, bitcoin's legal status in india is not too positive. Firstly, you will need to get yourself kyc(know your customer)verified. However, investors are still not very aware of the legal procedures of buying bitcoins. Many exchanges in india facilitate bitcoin transactions for their users. In april 2018, the indian regulatory limited indian access to the cryptocurrency market.
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All banks and other financial institutions like payment processors are prohibited from transacting or dealing in bitcoin.
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