What do the mean by probe in past transactions? Does it means we will have to provide them all details of our trades and bounty rewards too?
The government asked companies to provide their cryptocurrency investments details but i have not heard the government asking individuals to provide their asset details.
The central government is inefficient in even providing oxygen as everyone here is aware of and the level of bad governance is highlighted during these hard times and i do not think they will do anything meaningful and make things better for the cryptocurrency investors by forcing us to stop using them according to our choice and they will shove their centralized shit.
Yeah man, to be honest, I am very disappointed with the Indian Government right now. At first I though it had handled the covid situation not badly but the recent days have shown their incompetence and the same goes with their plan to ban cryptocurrencies. I think even if the government decides to ban crypto there will still be many Indians trading it in some or the other way.
Also, banning crypto won't do any good to either ones and the government would instead be benefited if they had just regulated crypto at first place.
Yes Friend, it’s true traders will find any way to trade.
Actually crypto trading is one kind of dabba trading.
Traders are not showing actual earning and paying tax to Govt.
Due to that reason they Indian Govt is trying to ban crypto trading.