India’s Tax Authority Sends Notices to ‘Tens of Thousands’ of Cryptocurrency Traders: Report

India’s Tax Authority Sends Notices to ‘Tens of Thousands’ of Cryptocurrency Traders: Report

The post India’s Tax Authority Sends Notices to ‘Tens of Thousands’ of Cryptocurrency Traders: Report appeared first on CCN

India’s income tax department has reportedly issued tax notices to a number of cryptocurrency traders following a nationwide survey of cryptocurrency exchanges. Speaking to Reuters, tax officials in India have revealed that the country’s citizens participated in over $3.5 billion in transactions and investments into cryptocurrencies like bitcoin, ethereum and ripple over a 17-month period

The post India’s Tax Authority Sends Notices to ‘Tens of Thousands’ of Cryptocurrency Traders: Report appeared first on CCN

Samburaj Das