India's legal status of cryptocurrencies is complex and dynamic, with regulatory developments, taxation policies, and technological advancements.
Digital currencies like Bitcoin and Ethereum are not recognized as legal tender in India, but trading and investment are not illegal.
The Indian government has implemented taxation measures for cryptocurrency transactions, including a flat 30% tax on capital gains and 1% TDS for crypto deals over ₹10,000 annually.
The Indian cryptocurrency market faces regulatory uncertainty, challenges, and considerations, while investors and exchanges experience growth and interest in cryptocurrencies.