satanic_saint
Re:First time in the country, ED raids a Bitcoin seller in Ahmedabad
on Friday December 27, 2013 @11:29AM (#6971257)
So, can anybody clearly tell/explain me this ?
1. Is holding BitCoin is legal/illegal in India ?
2. What about those who bought crypto from these raided exchanges ?
3. What if now I directly transfer BitCoin to a friend in USA as a gift. Is it legal after RBI Circular ?
4. What is Foreign Exchange Management Act, and is it a violation of FEMA if somebody buys BitCoins and stores it with them ?
Sorry for asking questions in comments, but I'm a worried as hell :(