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Crypto trading platforms in india offer to. Is bitcoin banned in india quora: No one has control over them, not even government. Even as there is no complete legal backing for cryptocurrencies, including bitcoin, in india, they are gaining popularity in the country. Cryptocurrency in india quora : The current coinmarketcap ranking is #115, with a live market cap of $729,292,770 usd. India may avoid cryptocurrency ban, classify them as. Through a circular in 2018, the rbi had advised all the entities regulated by it not to deal with virtual currencies or provide services for facilitating any person or entity in dealing with settling them. Open a account on exchange, i prefer bitbns. The supreme court on wednesday (04/03/2020) allowed a plea challenging reserve bank of india (rbi) 2018 circular which barred banks from trading in cryptocurrencies. On 4th march 2020, the supreme court of india has lifted the ban on buying and selling cryptocurrencies with inr in india. India will not ban crypto, says finance minister. The landmark judgment of the supreme court, earlier in 2020, lifted the ban on buying and selling of crypto assets.