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The indian market has recently got the idea of cryptocurrency, and this nation's central authority has not yet introduced taxability on bitcoins into the statute cryptocurrency is new in the indian market, and it could become legal after some years.
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Jaitley's comments managed to invoke doubts in india's crypto community again about legitimacy of trading, except this time, authorities have decided to steer the debate clear of controversy for good. What is illegal though is not sharing your profits with the government. Your profit from trading cryptocurrencies is also subject to tax. We welcome sh s.c garg's statement in support of the indian crypto industry. Indian bitcoin exchange gets hacked.
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Ye, bitcoin is legal in india, but the journey to btc's legality was long and pretty taxing.
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