The Indian government has reported that it has sent investor tax declarations that trade in cryptography following a nationwide review.
According to Reuters reports, the Indian government reported that it sent investor tax declarations, which are doing crypto trading, after a nationwide review.
The survey found that Indian citizens were trading at $ 3.5 billion over a 17-month period. The government collected data from nine different stock markets in the country, and according to the report, "tens of thousands of people" were notified.
As a result, India is asking for tax on its earnings as well as knowing how much people are accumulating in crypto-currencies.
Authorities are keeping the Bitcoin and other crypto currencies evil in the past days, while maintaining the official ambiguity of the country.