Trading bitcoins for beginners in India

An interesting situation has developed in India. There was no official ban on operations with bitcoin in the country, but local regulators and major financial institutions do not recognize it as a legal tender. The lack of regulation does not prevent officials from interfering and trying to restrict the work of crypto-instruments. For example, the popular Indian crypto-exchange Koinex recently announced forced restrictions on the withdrawal of the rupee, as banks prevented the conduct of transactions. A lawyer working with several Indian exchanges told local media that this was due to unofficial pressure from the central bank.

Nevertheless, many governments, including Ukrainian ones, still have not made a word about the crypto-currencies and trading bitcoins to make money in their legislation. Perhaps this is even for the better – everyone has the right to decide independently what means of payment to use and what to invest.