Quote from: IIrik11 on July 06, 2025, 08:48:46 AM

so in the end he just put it all in some lic mutual fund + life cover scheme

which would pay him very little at the maturity but what can one do

when we have morons running this country

One who is controlling the finance only see the number in tax but they often fail to realize that by decreasing the tax rate they can increase the number of people participating in the crypto field thereby increasing the revenue generation overall. Which is why countries with low tax rates often get attention from rich and those country's economy will slowly starts developing from the investment and tax opportunity they create.

Quote from: pawanjain on July 06, 2025, 04:06:06 PM

Quote from: Bitcoin Smith on July 04, 2025, 08:40:30 AM

Someone who wanted to use crypto but didn't just because he has to pay more when it comes to buy them which is common but ever since Wazrix got hacked the people got no other choice than paying a bigger price than the current market price. Also what are the best option to buy bitcoin without paying too much from the current price?

I believe there are only 2 ways to go through this situation. One is to pay the 30% tax and go through trusted exchanges otherwise look for other methods to evade tax.
Tax evasion is bad though and I don't encourage it but in case someone wants to opt it then they can either go for P2P methods or through Hawala.
Both of them are risky and might lead to losing the funds and so the better option is to pay the 30% tax itself.

Unfortunately, there's a third one, stop buying bitcoin and that's what happened with the person mentioned in OP. Cry