You are a full member registered more than 2 years ago and still thinking how you will deal with this.

Dont become modi and take uturn you referred coinbase.
Now kindly let us know which tax we  need to pay then income tax or like someone said Long term/ short term tax ?

US law dont work here, In china they Banned ICO , will india fallow it ?

Australia allow men to men marriage will india allow it ?

If you go with Stock trading laws after 1 yr no tax need to be given else 15%

If they are not protecting us they are no right to ask tax for it .

We live in democracy our law is different

No tax need to be paid , If you get notice from them ask them in return under which law they are asking because RBI is already said people do it you own risk we dont help you.
 
Thanks

Hi,

No Bitcoin is not yet taxable in india , no short term or long term gain, Only income tax if you r in profit then only,  you can keep money in wallet after selling and withdraw after march.

We are investing in bitcoin in our risk gov is not helping so they cant ask us for tax until they make law.

Please : All user understand that apart from income tax no tax need to be given , this is not a share and no law for it ,

Note : I am financial advisor

I would agree that showing proof is not necessary. It is up to the private talk of the borrower and the lender. It is also up to the lender to do his due diligence in protecting himself.

I'd like to ask if you have found a lender already?

I wish you'd post proof of the collateral's existence or even addresses of those coins. Nobody can steal those coins using public addresses alone. Refusing to provide this proof is suspicious enough. It's as if you didn't anticipate anyone here would insist on seeing proof even if you offered to use escrow but now that they did, you are trying to justify the part about not providing proof of this collateral by saying escrow can do their own checks and balances before proceeding with the actual lending of BTC or ETH.

If you really have that collateral and genuinely intend to use a trusted escrow, then I guess my assumptions are unfounded. If you do get PMs from newbies offering to give you this loan, be very aware of something called the collateral scam. Do not fall for it. You will be asked to send collateral first (upfront) or to a fake escrow. By fake I mean a phished or cloned profile of an existing trusted escrow. Always verify the agreement and arrangement with the escrow directly. Contact the escrow on their official page or profile.

I know, I'm just uncomfortable leaving 5 BTC tied up that I may need for other things. What collateral (if it's different) would you offer for a 2 BTC loan?

Can you post an address where these tokens are located it?

Although I'm not looking to fund this loan anyway but curious to see where you held collateral. It will help us check and confirm that the tokens are real and legit as collateral.
Hope, you don't look it as you disrespect and provide the Ethereum address where collateral is present.

I can fill big loans but not now maybe after March.

Update : I checked 4 addresses with 190000+ Payfair but won't able to find Oyster on those addresses and vice versa. If you won't able to provide proofs of these I am surely going to mark you up with a negative feedback

Confirmed, sent via https://blockchain.info/tx/1b6dbe6113b241ffa8491a83f5f0808a6d47df40b996e35e61ae708f2b44286c

Same repayment address as last time.