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There are plenty of online exchanges for Indians to buy bitcoin from.That is a tough question to answer at this point until the RBI come out with something concrete.

Best way to use bitcoin in India is to convert it to local currency using Indian bitcoin exchange and then you can use INR for buying.

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So if the coins were mined and from India, it should not be considered under FCRA.Am in being a net savy and CSE ug when a came across BTC few months back the and following its foreign exchange market.The custom script will do the exchange and transfer funds appropriately.

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Looking on how to buy bitcoins in India,checkout our list of Best Bitcoin exchange and trading sites.Get exclusive review on popular bitcoin exchanges.Today, however, there are several exchanges from where Indian citizens can legally buy bitcoins.The easiest place to buy, use, and accept bitcoin, ethereum, and litecoin.They do face severe delays and problems in withdrawals of Fiat that can take over 2 weeks.

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My son Nenadd would like to enter in Bitcoin mining activities.

Purchasing any e-currency and loading to an eWallet is regulated by the RBI.The banks have maintained a lot of public faith in urban areas and have reached a lot of people in this 1.5B population landscape.Paxful is best place to buy, sell and send bitcoin with over 300 ways to pay for bitcoin.Please forward this till someone takes notice and moves Bitcoin along in a positive path.

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They will help to understand more about the Banking Regulations in India and help solve some problems.

Draft Guidelines for issuance and operation of Prepaid Payment Instruments in India.

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Since I started trading bitcoin in Buyucoin I made upto 40,000 rupees profits.Where You Can Buy Bitcoins In India- Top 5 Bitcoin companies operating in India including Bitcoin exchanges and Bitcoin Mining pools.While most of BItcoin is in the grey area, Bitcoin mining is merely the usage of computing equipment to calculate.Reserve Bank of India regulations on Bitcoin in India. as a wallet and to buy or sell Bitcoin in India.

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Trade Bitcoin and INR in real time with instant deposits and withdrawals.Vaults are mainly cold storage solutions that may take few days to withdraw from.Buy bitcoins with debit card, credit card and paypal instantly without ID verification, Purchase bitcoin with Visa, Mastercard, Paypal.

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Buy bitcoins, litecoins and other cryptocurrencies instantly with credit card online, debit card, cash, bank transfer, sepa transfer, cash deposit, cards, visa.All details and information required to purchase products and services using Bitcoins in India.

Here are some of the best indian bitcoin exchanges to buy bitcoins in India.

I happened to study two documents about Prepaid Payment and Foreign Exchange Management Rules, 2000.

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Yes, they come under the prepaid regulations for virtual currencies and wallets.View the Latest Bitcoin Price to exchange on 3% charges on whole currency And also Buy and Sell Bitcoin Online.

Zebpay bitcoin exchange is the fastest way to buy and sell bitcoins in India.Do check on forex regulations though as this may come into play when moving BTC out of India.Try Coinsecure.in for an Indian Provider with an ability to buy and sell here.I would like to reach out to the world of regulators and lawmakers to release a statement on Bitcoin.We try to make it easy to our customers to buy and sell bitcoin.The company makes it super easy to securely buy, use and accept bitcoin.You may find legal challenges in transferring Fiat as well into out of India Exchanges.