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WHY IS INDIAN GOVERNMENT BANNING FOREIGN CRYPTO EXCHANGES ? EXPLAINED ? #reducecryptotaxYes, Bitcoin can be converted to cash in India. All you need to do is deposit the Bitcoins you want to cash on a crypto exchange or an investing platform like. The easiest way to buy cryptocurrency is through a cryptocurrency exchange or investing app like Mudrex. F&O Ban List � Paytm shares crash. The Indian Supreme Court has already turned down RBI's regulation for bitcoin trading, but some traditional banks still don't support crypto-related.