Is binary trading legal in India
Answers (2)
Neither the Forex trading nor the binary trading is illegal in India provided you do it as per the norms of FEMA and SEBI. You need to get yourself registered as a trader as per the SEBI norms and then do your business as per the norms of FEMA only in INR:USD, INR:Euro etc but certainly not online.
Advocate Pulkit Prakash
4.1| 25+ ratings
Ramesh Nagar,
Delhi
The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.
Are you talking about bitcoins here? If yes, please note that so far it is not permitted in India. Rbi had issued a paper though sometime back In this regard. Let us have a word and I can advise you in little more detail in this regard.
Advocate Mansi Airi Gambhir
5.0| 2+ ratings
Barakhamba Road, Delhi
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