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RE: Indian Income Tax Department Raids Bitcoin Exchanges in India—What Does It Mean For Bitcoin Users From India?
Demonetization is not a failure. Corrupts will not come to media to say that they have black money. They will hide money in complex transactions. Many do not pay taxes in India. Pay your taxes and keep clean balance.
True that but demonetisation hasn't done a thing to dent the parallel cash economy in India or reduce corruption!