Legality of cryptocurrencies has been one of the major point of concern in India. It has kept many investors on a side where people think that investing in cryptocurrencies might put them in trouble or they might even lose their money. This is completely a hoax as investors have been involved in this excellent money multiplication process for a quite long time.
If we keep aside the ponzi MLM based projects in India or world and we choose the cryptocurrencies wisely, definitely there are no issues as such. Still, for those who are still worried about this upcoming vibrant market, I will try to cover all aspects of legalization of cryptocurrencies in India.
While China has banned the cryptocurrency trading already to come up with regulations, Japan took the first initiative to regulate these currencies. USA and Australia are already setting up the guidelines to regulate as soon as possible.