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can we trade on btcusd currency futures on exness in india


23-Jun-2025 (In Tax Law)
can we trade on btcusd currency futures on exness in india
Answers (1)

Answer #1
808 votes
You cannot legally trade BTC USD currency futures (or any non‑INR forex/crypto CFDs) on Exness in India as a resident. Under FEMA (Foreign Exchange Management Act) and RBI/SEBI regulations, cross‑currency pairs and CFDs are banned for Indian residents unless provided by a SEBI-authorized platform. Only INR-based currency pairs (e.g., USD/INR) are legally allowed. Alternatives you can legally consider trade INR‑based forex pairs (USD/INR, EUR/INR, etc.) using SEBI-regulated platforms like Zerodha, Upstox (via exchange-traded currency futures/forwards). Trade cryptos via Indian exchanges like WazirX or Coin DCX, though note that RBI has banking restrictions—but these operate within Indian regulations.
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