I think india banned bit coin (crypto currency).. 🤕🤒

Nope, Arun Jaitley did not said that government is banning the bitcoins or other cryptocurrencies. He said these cryptos will not be considered as legal tender and government does not recognize them. It means people still can continue to invest at their own risk and government will not be responsible for any losses. He also pointed out to finish the illegal use of the cryptocurrencies. Government is also planning to explore the blockchain technology.

Check it out for your reference. http://www.financialexpress.com/budget/budget-2018-bitcoin-is-not-a-legal-tender-but-government-will-keep-exploring-blockchain-technology-says-arun-jaitley/1039815/

So we dont not need to pay taxes correct ?