# Understanding the Legality of Cryptocurrency in India
This comprehensive guide clarifies India's cryptocurrency legal framework for investors, traders, and businesses. Cryptocurrency operates legally in India as a regulated digital asset, with taxation under GST and mandatory compliance requirements for platforms on Gate. The article examines regulatory evolution from the 2018 RBI ban's Supreme Court reversal in 2020 through current licensing mandates and KYC/AML standards. It highlights real-world applications including 20 million active users, $40+ billion investment, and blockchain adoption across finance, supply chain, and healthcare sectors. Essential reading for anyone navigating India's crypto ecosystem, this guide covers tax obligations, regulatory requirements, permitted cryptocurrencies, and investment risks in India's maturing digital asset landscape.