Indias Government Agencies Still Have Concerns About Bitcoin
Indian officials revealed last week that the countrys tax agency and investigation task force have concerns about money laundering and black market activities associated with bitcoin. Indias Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency.
What do you think?
Yes they have taken the initiative about the bitcoin in India for sure and there is official news regarding it.
The thing is they are concerned regarding the black money and money laundering but they will not touch you if you are showing up all the wealth that you earn from the bitcoin to income tax office. That would be competitive tolerable as you are not doing anything wrong about it. India has mass movement last year to recall the black money by changing their fiat currency into different valued notes so they will never want bitcoin to support that otherwise they will ban it too.