foreign exchange
1 year ago
Is binary option trading legal in India if funds are deposited with the overseas party and transactions done in USDT
A.Dear Client,
Binary trades are not permissible under the Foreign Exchange Management Act (FEMA). According to the Reserve Bank of India's Liberalized Remittance Scheme, a person cannot use the money transferred abroad for speculative purposes or to provide margin money for trading.
Binary trades are not permissible under the Foreign Exchange Management Act (FEMA). According to the Reserve Bank of India's Liberalized Remittance Scheme, a person cannot use the money transferred abroad for speculative purposes or to provide margin money for trading.
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A.Dear Sir,
Unlike many other countries, binary trading is illegal in India. As per the guidelines provided by the Reserve Bank of India, binary trading or any form of online trading of foreign exchange is not legal in India.
Unlike many other countries, binary trading is illegal in India. As per the guidelines provided by the Reserve Bank of India, binary trading or any form of online trading of foreign exchange is not legal in India.
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