---
title: "Is digital currency legal in India?"  
description: "Is digital currency legal in India?"  
author: "Sandra Emily"  
published: 2022-05-23  
canonical: https://answers.mindstick.com/qa/97579/is-digital-currency-legal-in-india  
category: "troubleshooting"  
tags: ["troubleshooting", "digital currency"]  
reading_time: 1 minute  

---

# Is digital currency legal in India?

Is [digital currency](https://www.mindstick.com/news/1151/binance-turkey-unit-slapped-with-try-8-million-for-violations-of-digital-currency-laws) [legal](https://www.mindstick.com/articles/43952/legal-issues-for-stress-at-work) in [India](https://www.mindstick.com/articles/336618/top-10-electric-bicycles-in-india-in-2024-to-improve-your-health)?

## Answers

### Answer by Hitesh Vohra

- No crypto asset will be accepted as legal money in India. In India, only the Reserve Bank's **'Digital Rupee' will be legal money.** Finance Secretary T V Somanathan stated that cryptocurrency will never be a legal tender, clearing the air on the legality of private digital currencies in the market.
- Virtual currencies are not regarded legal cash because they are not issued by a government and allow ownership transfer across national borders. This sort of [currency](https://www.mindstick.com/news/2105/rbi-has-released-a-concept-note-on-central-bank-digital-currency-and-digital-rupee) can be used to purchase tangible products and services, but it can also be restricted to specific groups, such as in an online game.

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**Read More: [Will money become digital?](https://answers.mindstick.com/qa/97580/will-money-become-digital)**


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