Platinx Exchange is legal in India. No law prohibits the buying and selling of crypto in India. Platinx is a 100% pure crypto exchange platform in India that follows all the necessary guidelines and its security is certified by the government-certified agency.
There was a ban imposed by the RBI on all the crypto exchanges in India. This ban prevents the banks from partnering with the Indian safest crypto exchange platform. It was later repealed by the Supreme Court of India. Although, currently there are no regulations on crypto formed by the government of India. But, In the budget 2022, the government announced that all gains on cryptocurrencies will attract a 30 % tax. This decision increases the speculation of the government to bring regulations on cryptocurrencies.