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RE: For Now We're Lucky With Crypto-Taxes In India
India is big on "Blockchain", but the way the government is treating open public decentralised cryptocurrency hints that they dont really like those things.
Regardless, "taxing" on crypto profits can only come into play when fiat money is involved. For example, its hard to tax your earned steem if you got them via upvotes.
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Indian government cannot tax STEEM earned until we sell that STEEM for INR currency and it gets deposited in our bank account, then that amount is taxable in India. However, in other countries, they may or may not technically require their citizens to show when they earned that cryptocurrency and at what rate they earned it. Our government is ages behind on anything crypto.