Is cryptocurrency legal in India in 2026? What is the tax?
Crypto is not banned, but not legal tender. Profits are taxed at a flat 30% (Section 115BBH IT Act) with 1% TDS (Section 194S). Exchanges must be FIU-IND registered under the PMLA.
Reference: Sections 115BBH & 194S, Income-Tax Act, 1961; Prevention of Money Laundering Act, 2002