Crypto investment in foreign exchanges

Budget 2022 has brought in substantial clarity in the taxation of cryptos by terming them as Virtual Digital Assets. This brings in substantial relief in trading in Cryptos. Yet concerns remain on the transfer of foreign remittances for purchase of crypto assets and then selling them in Indian exchanges for arbitrage opportunities. 

Its possible to invest in Cryptos in foreign exchanges for arbitrage opportunities but lot of issues need to be addressed, like establishment of Holding company and Subsidiary company Vs Setting up of Branch offices, procedural formalities in transferring money to non residents etc. 

When you want to deal on regular basis, you need to be prepared for the uncertainties and risk management. You may plan your business activities accordingly. 

Consulting services can be provided on request. 

That would need due diligence of various laws and taxes.

Hence it cannot be done here.

If you need any due diligence do let me know and we can see what we can do.

Yes, you can do investment in crypto by sending money to foreign exchanges. There are no restrictions but you should consult with your bank as sometimes bank creates issues.

- You can form a company in India and do investments in cryptocurrencies in foreign exchanges subject to the regulations under FEMA.

Yes the investment is allowed. Here various other issues needs to be examined from tax as well as FEMA perspective. For detailed consultation, request for telephonic consultation.