Here is a new jargon analysis of the legality of cryptocurrencies in India.

In layman’s terms, the government is simply treating the earnings from cryptocurrency just the same as winnings from gambling. And as we know, gambling in India is still illegal. However, if someone makes a trade overseas and shows the income from it, they will have to pay the desired tax on it. The government has applied the same parameter to cryptocurrency. Watch the video to know more.