l FAQs Archive - Page 11 of 16 - CryptoCurrency Complete Guide

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Are cryptocurrency legal in India?

In early 2018 India’s central bank, RBI, declared a ban on the sale or purchase of cryptocurrency via a bank account.  The bank also stated that cryptocurrencies are not to be considered legal tender – so that means it is...

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Is cryptocurrency safe?

The underlying technology used to secure cryptocurrency is a highly effective military-grade encryption. This makes the technology itself very safe and secure. However, the actual usage of cryptocurrency, such as buying,...

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Is cryptocurrency the future?

This question is subject to enormous debate. There are many experts who will answer “YES, for sure!”, while an equal number of others will answer: “NO, it is one huge scam”. We here at this website feel...

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Are cryptocurrency securities?

In a majority of the countries, cryptocurrencies aren’t considered as securities, but this type of classification is still being debated and considered in most countries. Some counties, like the US and the UK, consider...

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Are cryptocurrency gains taxable?

This depends largely on the country in which you live. In many countries, such as the US and UK for example, cryptocurrency are considered “property” and so gains are treated as capital gains (or loses), which can then be taxed....

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