Indian's Cryptocurrency Traders Has Possibly Received Tax Notes From Government

Number of crypto traders in each country is getting higher day by day. People are completely giving their value time and money to invest in crypto exchanges. And no doubt many of them are earning a huge amount. Recently a news was released on of the most famous blog REUTERS which wrotes about cryptocurrency traders of India.

<b cryptocurrency traders and investors in India has received a TAX notice from government

According to Reuters, a research conducted within India found that Indian citizens across a period of 17-month holds more than $3.5 billion worth of trades and other transactions. During the survey Indian government also collected data from nine exchanges , and per the report, notices have been forwarded to "tens of thousands of indians."

Surrounding the trade of cryptocurrency and In spite of these moves, government has not released any new regulations.

According to Reuters, B.R. Balakrishnan a state tax official, said "the tax authority could not wait for an official statement from the government"

News Source: coindesk