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Question: My friend in India wants to start investing in cryptocurrency such as bitcoin. I have a few questions. What is the current legality of cryptocurrency in India? What exchange should he use? What wallet app should he use (should support main popular coins)?

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Crypto was declared legal in India, earlier this year by the Supreme Court. That being said there are no legal frameworks/regulations right now by the government.

WazirX is one popular exchange in India. Haven't used it though.

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  • None of the KYC exchanges in India are good – Prayank Dec 2 '20 at 9:04
  • mentioned that haven't used it, therefore got no idea. – Ayush Dec 2 '20 at 9:34

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