--- title: "Is it legal for Indian to purchase cryptocurrency in the U.S.?" description: "Is it legal for Indian to purchase cryptocurrency in the U.S.?" author: "Sandra Emily" published: 2022-05-18 canonical: https://answers.mindstick.com/qa/97447/is-it-legal-for-indian-to-purchase-cryptocurrency-in-the-u-s category: "troubleshooting" tags: ["troubleshooting", "cryptocurrency"] reading_time: 1 minute --- # Is it legal for Indian to purchase cryptocurrency in the U.S.? Is it [legal](https://www.mindstick.com/articles/43952/legal-issues-for-stress-at-work) for [Indian](https://www.mindstick.com/news/2471/wazirx-received-828-requests-from-indian-international-law-enforcement-agencies) to purchase [cryptocurrency](https://www.mindstick.com/articles/23283/create-your-own-cryptocurrency) in the U.S.? ## Answers ### Answer by Hitesh Vohra - **Yes. The Financial Crimes Enforcement Network (FINCEN) of the US** Treasury Department announced in 2013 that investing in Bitcoin and using it as a method of payment is legal as long as the seller is ready to accept it. Cryptocurrency is classified as digital currency by the Securities and Exchange Commission, commodities by the Commodity Future Trading Commission, and property by the Internal Revenue Service. - You can buy in any state, but some have restrictions. New York, for example, has a policy requiring any business dealing with cryptocurrencies to register for a BitLicense. Expect regulatory and legal modifications at the federal and state levels as adoption grows. \ **Read More: [Is the metaverse the future of social media?](https://answers.mindstick.com/qa/97533/is-the-metaverse-the-future-of-social-media)** ### Answer by user Bitcoins are not unlawful; everyone may purchase, sell and exchange cryptocurrencies. It's uncontrolled; we do not have a regulatory framework to oversee its operation play tic tac toe for now. However, the Indian government is contemplating crypto regulation --- Original Source: https://answers.mindstick.com/qa/97447/is-it-legal-for-indian-to-purchase-cryptocurrency-in-the-u-s Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.