TRADING VOLUME HITS $3.5 BILLION IN INDIA: TAX DEPARTMENT SENDS NOTICES

Home / TRADING VOLUME HITS $3.5 BILLION IN INDIA: TAX DEPARTMENT SENDS NOTICES

Government of India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, according to the income tax department. Policymakers are expected to discuss the matter of regulation and trading of cryptocurrency at a G20 summit in Argentina in March 2018.

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