RBI had restricted digital currency in the country on April 6, 2018. Following this, banks and monetary establishments were prohibited from exchanging digital currency.
Presently, on 4 March 2020, the reports state that "SC rules control on digital currency exchange illicit,".
The virtual monetary forms and Bitcoin would now be able to be utilized for money related exchanges and administrations.
The digital currency bill gave a year ago has experienced a great deal of discussions among the Indian crypto network. The present presentation raises any desires for India that it might support mechanical developing level. Nonetheless, the worry for tax evasion rises.