Are NFTs permitted in India?

If you want in on the NFT craze, an NFT marketplace is your gateway to participating in the purchase and sale of these digital assets - from art to music to entire virtual worlds. Think of NFT marketplaces as your Amazon of the digital realm.
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tompeter1123
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Joined: 25 Jan 2023, 09:52

Are NFTs permitted in India?

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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