0 Anonymous Asked: July 1, 2020In: Bitcoin Is it legal to trade bitcoins in India after the new RBI statement? 0 bitcoin bitcoin Share Facebook 1 Answer Voted Oldest Recent amrinved1 21 Questions 24 Answers 0 Best Answers 70 Points View Profile amrinved1 Added an answer on July 1, 2020 at 8:47 pm Trading is not the proper word I believe in this context as it refers to all kind of activities in an economy. Exchange of bitcoins was never illegal. Exchange refers to what we call in general terms investment in bitcoins. Here you buy bitcoins using your local currency at a fixed rate of the former and sell the same at same conditions at the same or different rates,so you are not manipulating the official currency in any way as ultimately the crypto is again converted back into the currency that the economy uses. Also in 2020 RBI has approved to buy lite coin 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.