It actually took them a lot more time than I anticipated tbh. Expected them to do this before the demonetization coz clearly this a huge escape route for black money even the big whales could slip away slyly.

Indian Government want a cut in whatever we do.
Where does this money go finally.
To Thier pockets.
#truthofbeinganindian #earlychristmas
https://s33.postimg.org/ggl0ww4fj/images_6.jpg

now that's something! So my next door unocoin also may be one of the ones raided ?!

Thanks for sharing!

I’m an early crypto fanatic who has all along supported government regulation (and approval) of crypto. I have long been in the minority. But that is starting to change. Mainstreaming crypto requires protections for users. As onerous as it may seem. It really is for the common good.

Great Information !!

Nice@firepower

They are just reacting erratically towards a revolution no one can stop, like it or not. 

Every government will end up accepting blockchain as the new standard way of doing things. 

This revolution is just starting and we a bumpy but exiting journey ahead!

That's a horrible title.

this shows the importance and growth of the importance of the crypto currency ... not only in India but all over the world. The government is trying to create a counterbalance to crypto-currencies, but they will be circumvented. It's no secret that this is only the beginning and the crypto-currencies will still show themselves with the best hand, giving those who already today damp their money in them to get a profit ...

Reminds me of the old demonetization days when RBI would come up with a new rule everyday just to quash the rule/notification that it had issued a day before. It will take some time for them to get used to the ways of crypto. Hopefully they won't mess it up like they did during the demonetization days.

hello i new user in steem it plss folow me back.

Just another reason to declare cryptocurrency profits on one's taxes... it's not worth it to try to sneak the bitcoins by the government. I'll be paying full taxes on all of mine, that's for sure.

At the start of my #bitcoin journey I couldn’t stop talking about it. Telling people about it, how it works, what the benefits to humanity is etc etc. Nobody cared. All they heard was “blah blah blah” Now I cant muster up the will to explain when they ask. Google it!

That means Bankers are afraid! And people from India should unite and show them all of this works.

They are no restrictions as to where you can exchange bitcoin.  Indian government may not really understand what a decentralized currency means. No geographical barrier. So their action infringes the fundamental right to freedom of her citizens, an exercise in futility.

BTCPOWER through India !

I always knew that governments wouldn’t  just ignore millions in crypto value. It is always a good idea to conduct your affairs according to your local law

This is actually good news, it means they know it's here to stay and they have to deal with it. It's better then the law in the U.S. where they treat crypto as a property and impose higher and more complicated taxes.

Hi friend, I am little bit scared now. Can  our government completely banned it from circulation. It's a decentralized currency so it became difficult for them. I want to ask if we aquare bellow 250000.we don't have to pay tax return. I don't understand what will happen in near future. Thanks for sharing such a valuable information. Friend don't you like to upvote my post any more? Without your help I am nothing here, so please if you don't mind please visit my too. By the way if we convert our money from bitcoin to Indian rupee, is it showing in our account that it is coming from bitcoin. Please share with me, Have a good night friend.

Hello @firepower,

I hope it will take time before the government, will tax us all ​because that is what they are planning to do soon... Worldwide

Oh, good news. I have finally posted chapter 2. Please let me know what you think.

https://steemit.com/story/@mayliberty/good-nurse-bad-nurse-chapter-2-have-mercy-original-story https://media1.giphy.com/media/k1aMxA3G29PR6/200.gif#354-grid1

Whether they watch it or not the cryprocurrency will be a future currency

This shows the influence of Cryptocurrency in India. Seems Politicians are annoyed at seeing some people making good money without paying them ***Haftaa***. Pay your taxes before due date. Issued in Indian Public Interest by BlockChain Community.

In Ukraine, politicians buy bitcoins massively because in our country this is not recognized as a currency and therefore not taxed.

Here you can have a lot of money in crypto, but if you take away a large amount of money,  you can have great troubles. That's crazy :((

It's not hard to conduct your cryptocurrency dealings anonymously

Blockchain technology marks the end of government control over our money, and eventually it will replace the government itself

India - Where you do **Wrong**, you pay fines and when you do **Right**, pay Taxes!

Does the list of exchanges include zebpay as well?

Demonetization is not a failure.  Corrupts will not come to media to say that they have black money. They will hide money in complex transactions.  Many do not pay taxes in India.  Pay your taxes and keep clean balance.

yeah..thaT'S GREAT...
DON'T BE SCARED...
GET READY TO DO ANYTHING..
Just keep calm..

@Upvoted

Good news brother

Days are not far, when Politicians asks election fund donations in Crypto currencies :D

The identity of the buyer can only be traced while buying from exchanges. But, no one can track what happens to it after that. One thing is for sure- lot of blackmoney has gone into Bitcoin

great information and interesting post. in a word amazing post. many thanks for sharing sir. please check my post.

This was expected from Indian govt. Nothing new to be honest. We saw this coming :D

https://steemit.com/bitcoin/@steemerturk/turkish-government-will-take-tax-from-bitcoin Turkish  government will anounce tax of Bitcoin or all cryptocoins exchanges. You must check

To look it otherwise now the govt knows the kind of money trending and will now work towards creating an ecosystem. Most times our govt takes easier steps (completely ban/ close operations) however that doesn't look like an option here especially after China banning and it growing even further. 

Valuable tip: Pay your taxes and live peacefully

Largest Exchange CME Group (NASDAQ: CME) will begin initial lists of bitcoin futures on December 18.
Bitcoin enthusiasts hope that the launch of bitcoin derivatives will allow institutional investors to invest in the digital currency trend, helping to make bitcoin a legitimate asset class and pave the way for an exchange-traded fund .
Elsewhere in the cryptocurrency business, Bitcoin Cash was at $ 1557, while Bitcoin Gold was at $ 274.11.
Ethereum, the second-largest market-cap currency cryptocurrency after bitcoin, was $ 664.93.