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Bitcoin News

Indian Bitcoin Companies Found Loophole to Accept Cryptocurrencies

After remarks by Indian govt. on bitcoin and other cryptocurrencies being an illegal tender, Indian bitcoin companies have found a loophole in it. By capitalization on this loophole, businesses are accepting bitcoin among other cryptocurrencies, apparently without breaking the law.   Also, read… FUD Alert: No Mention of Bitcoin or Cryptocurrency in New Cabinet Bill by Indian Govt. Indian bitcoin companies

After remarks by Indian govt. on bitcoin and other cryptocurrencies being an illegal tender, Indian bitcoin companies have found a loophole in it. By capitalization on this loophole, businesses are accepting bitcoin among other cryptocurrencies, apparently without breaking the law.   Also, read… FUD Alert: No Mention of Bitcoin or Cryptocurrency in New Cabinet Bill by Indian Govt. Indian bitcoin companies

Taxman Crushes the “Giancarlos Party” for Indian Bitcoin Investors
Bitcoin News
Taxman Crushes the “Giancarlos Party” for Indian Bitcoin Investors
Bitcoin News

Taxman Crushes the “Giancarlos Party” for Indian Bitcoin Investors

The Central Board of Direct Taxes(CBDT) in India issued a notice to up to 100,000 investors to pay their gain taxes on crypto investment or face strict action. This move was made after CFTC chairman Christopher Giancarlos favoured bitcoin in the Congressional hearing yesterday and Jaitley’s remark on cryptocurrencies a few days back. Tax notice

The Central Board of Direct Taxes(CBDT) in India issued a notice to up to 100,000 investors to pay their gain taxes on crypto investment or face strict action. This move was made after CFTC chairman Christopher Giancarlos favoured bitcoin in the Congressional hearing yesterday and Jaitley’s remark on cryptocurrencies a few days back. Tax notice