Legal Cryptocurrencies In India. Cryptocurrency Regulation in India. Pin On Gold Rate India There is no ban or prohibition from any government body meaning that buying Bitcoin or any other cryptocurrency is not illegal in India. Which cryptocurrency is legal in india . You can Get the Is buying cryptocurrency legal in india files here. In India purchasing Bitcoin is completely legal. No regulations in India. Cryptocurrency Bitcoins Blockchain Technology. In 2018 the RBI came out stronger and kind of banned this in India. This is not an easy question to answer honestly. It is so as the government had proposed a bill earlier this year that had provisions to impose a ban on all cryptocurrencies including Bitcoin and Dogecoin. In 2018 the Reserve Bank of India RBI Indias central bank and monetary regulator issued a circular 2018 Circular prohibiting banks and financial institutions from trading in and delivering services that facilitate virtual currency trading. The m...