Because it is a virtual currency, unlike an Indian currency, cryptocurrency does not have a physical existence. It can be used for online communication. The process of encrypting the network is the source of the term "Cryptocurrency."There are two methods for acquiring cryptocurrencies. First, by investing online, and then by mining cryptocurrency. While some nations have outlawed and considered crypto to be illegal, others have recognized it as legal tender. However, India's cryptocurrency regulations are murky, so investing could be risky. Despite its legality, cryptocurrency is not recognized as a legal tender in India.