Forex india illegal

Why is forex trading illegal in India? - Quora Residents of India are, however, granted permissionto trade in currency futures or options contracts, traded on the stock exchanges which have been given recognition by the Securities and Exchange Board of India (SEBI) in India, subject to the terms and conditions mentioned by the Reserve Bank which may change from time to time. I have seen many platforms provide online Trading options also in India. But I want to know why is it illegal and what could happen if I am caught trading online? The.

China shuts down USD 7.3bn illegal forex operation - DNA India Since they operate from outside india they can escape easily. Days ago. China shuts down USD 7.3bn illegal forex operation - China said it has broken up an underground banking operation that conducted USD 7.3.

Is Forex trading illegal in India? why? - There are ongoing debates about whether Forex trading is legal or not in India. Any person resident in India collecting and effecting/remitting such payments directly/indirectly outside India would make himself/herself liable to be proceeded.

Rs 500, Rs 1,000 notes declared illegal in India - Khaleej Times Use a payment processor like paypal, neteller, moneybookers etc and use that as a middle man to deposit and withdraw to your bank and you should be fine. Nov 8, 2016. Prime Minister Narendra Modi, in a sudden address to the nation on Tuesday, announced that Rs 500 and Rs 1,000 denomination notes are.

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