Are NFTs permitted in India?

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Former Member2/27/2311:09 PM0 replies

Other Crypto StuffNon-Fungible Tokens (NFTs)

Are NFTs permitted in India?

Former Member2/27/2311:09 PM0 replies

Former Member

NFTs are still not banned under any laws that have been passed globally. Many nations, like India, are using the wait-and-watch strategy and considering NFTs as collectibles subject to taxation as a result. NFTs’ legal status won’t be called into question until there are several abuses. It is reasonable to assume that NFT trading is legal in India. There are so many NFT marketplaces in India.

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