25 July 2025
As of July 2025, cryptocurrencies are currently unregulated as legal tender in India. The RBI does not "register" crypto trading platforms in the same way it licenses traditional financial institutions. Instead, crypto exchanges operating in India are required to comply with FIU-IND regulations and AML/KYC norms.
Some of the popular crypto platforms operating in India that comply with these regulations include: CoinDCX Mudrex CoinSwitch ZebPay Bitbns WazirX (Note: WazirX has faced regulatory scrutiny in the past, but continues to operate) Unocoin Binance (operates in India and is subject to Indian regulations for its Indian users)