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RE: Bitcoin Trading Hits $3.5 Billion In India as HNIs Get Hit With Tax Notices!

in #bitcoin7 years ago

Politicians in India are themselves invested in this. They are not clarifying because if they do so, it becomes legal and everyone will buy bitcoin or something else. Because of this banks will go dry and given the condition the Indian banks are in who would invest in them. Also the income from interest has come down now. They are now giving only 5.5% for fixed deposits. With bitcoin people can now earn a lot just in a year.