<Tr> <Td> Iran </Td> <Td> Illegal <P> Implicit ban . In April 2018, Central Bank of the Islamic Republic of Iran issued a statement banning the country's banks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks . </P> </Td> </Tr> <P> Implicit ban . In April 2018, Central Bank of the Islamic Republic of Iran issued a statement banning the country's banks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks . </P> <Table> <Tr> <Th> Country or territory </Th> <Th> Legality </Th> </Tr> <Tr> <Td> Bangladesh </Td> <Td> Illegal <P> Implicit ban . In September 2014, Bangladesh Bank said that "anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws". </P> </Td> </Tr> <Tr> <Td> India </Td> <Td> Legal / Banking ban <P> Finance minister Arun Jaitley, in his budget speech on 1 February 2018, stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India for criminal uses . He reiterated that India does not recognise them as legal tender and will instead encourage blockchain technology in payment systems . </P> <P> "The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system," Jaitley said . </P> <P> In early 2018 India's central bank the Reserve Bank of India announced a ban on the sale or purchase of cryptocurrency . </P> </Td> </Tr> <Tr> <Td> Nepal </Td> <Td> Illegal <P> Absolute ban . On 13 August 2017 Nepal Rastra Bank declared bitcoin as illegal . </P> </Td> </Tr> <Tr> <Td> Pakistan </Td> <Td> Illegal <P> Absolute ban . As of 7 April 2018, State Bank of Pakistan (SBP) has announced that bitcoin and other virtual currencies / tokens / coins are banned in Pakistan . This news was followed right after India's restriction of converting bitcoin and cryptocurrencies into fiat currency . For organizations and institutions it is banned by State Bank of Pakistan . Bank will not get involved if there is any dispute . They will not facilitate any transaction for it . </P> <P> The bank has issued an official notice on its website and has also posted the news on its official Twitter account . </P> </Td> </Tr> </Table> <Tr> <Th> Country or territory </Th> <Th> Legality </Th> </Tr>

Is it legal to buy bitcoin in india