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Is it legal to trade forex in India? Is it legal to load money into e-
15-Sep-2023 (In Banking / Finance Law)
Is it legal to trade forex in India like Olymp trade? Is it legal to load money into e-wallets like Skrill, Neteller in India? is it legal to trade binary options in India?
Hi,
Trading in Foreign Exchange like USD,EUR,JPY are legal in India. NSE registered exchanges are legal India.
Forex Trading overseas companies is at your own risk.
Deposits in e- wallets and digital wallets is not banned in India and at the same time there's no Rules and Regulations by RBI and SEBI. There is no clear Tax laws and tax slabs of profits from binary options.
If you have any legal disputes or fraud or hacking etc
RBI was not responsible for that. SEBI and Legal authorities also not entertain your issues right now.
So, you are the whole responsible for your transactions and Taxes.
Good night.
Note: trading in binary options and dealing with digital wallets and digital currencies is not a good practice and also not safe.
Trading in Foreign Exchange like USD,EUR,JPY are legal in India. NSE registered exchanges are legal India.
Forex Trading overseas companies is at your own risk.
Deposits in e- wallets and digital wallets is not banned in India and at the same time there's no Rules and Regulations by RBI and SEBI. There is no clear Tax laws and tax slabs of profits from binary options.
If you have any legal disputes or fraud or hacking etc
RBI was not responsible for that. SEBI and Legal authorities also not entertain your issues right now.
So, you are the whole responsible for your transactions and Taxes.
Good night.
Note: trading in binary options and dealing with digital wallets and digital currencies is not a good practice and also not safe.
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Adv. Syam Charan Godi
Hyderabad | 100+ Answers
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