RE: Bitcoin Under Increasing Scrutiny on Island of Bali

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Bitcoin Under Increasing Scrutiny on Island of Bali

in bitcoin •  7 years ago 

Same in India, upto 50 percent tax on crypto, and it's not even legal yet. They say that bitcoin is illegally earned money 😢

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7 years ago by

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      ·  7 years ago 

    when do you pay that tax? you can convert it to paypal and then withdraw right?

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        ·  7 years ago 

      Yes PayPal seems to be the best way to get money instead of using exchanges, exchanges are being monitored, and if my bank receives a payment from crypto exchange, they will inform the Tax dept and I'll be taxed. We are supposed to reveal all our crypto incomes mandatorily by filling up forms.

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          ·  7 years ago 

        which exchange do you use in India? how do you convert BTC to INR without PayPal?

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