⁠Is it legal to mine or trade cryptocurrencies?

As of 2025, cryptocurrency mining and trading are legal in India following the Supreme Court’s 2020 ruling in IMAI v. RBI, which struck down the RBI’s 2018 ban.

Mining remains unregulated but is taxed at 30% under Section 115BBH of the Income Tax Act, with 1% TDS. Trading requires KYC and AML compliance under the PMLA and attracts a 30% capital gains tax.

Cases like Gainbitcoin (2018) and the Enforcement Directorate’s 2024 probe into a ₹1,858 crore crypto scam highlight fraud risks.

While there’s no comprehensive crypto law yet, miners and traders must follow tax and anti-money laundering rules.