Crypto currency
6 years ago
What is the legal status of crypto currency in India?
If A has sent crypto currency to B in excess by mistake, is B liable to payback the extra amount and if so, in INR or in crypto currency??
Deepak Yashwantrao Bade
Responded 5 years ago
A.dear client in your matter Cryptocurrency is not a valid legal tender in india and govt has the right to take criminal action against holders.
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Johnson Thangiah
Responded 6 years ago
A.Sir,
Cryptocurrency is not a valid legal tender in india and govt has the right to take criminal action against holders.
Cryptocurrency is not a valid legal tender in india and govt has the right to take criminal action against holders.
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A.Crypto currency as of now is not legal in India. Since it has no legal sanctity this transaction is invalid in the eyes of the Indian laws and nothing can be done. So you don't have any liability to pay him nor he has any rights to ask you to pay in INR or any physical currency. It is upto you to either return him or not.
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Anonymous
Replied 6 years ago
If in case they are legalised in the future, can A claim it retrospectively??
Anonymous
Replied 6 years ago
And what are the legal options available with A?
Anonymous
Replied 6 years ago
And thanks a lot for your concern in replying sir.
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