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Arvind9 wrote: Cryptos are not recognised by the Indian government they are warning people against investing in any of them,they call Bitcoin a ponzy scheme,in the past few days some very rich people have lost large sums of money in Bitcoins,but nothing is banned anyone can invest at their own risk,one has to pay 30% in Tax,but one wonders how much of it is disclosed people must be making cash deals to avoid tax.
Arvind9 wrote: This Bitcoin mania is getting so crazy that,recently two people working in the same firm (Information and Technology ) from the city of Banglore got married they asked their friends not to get any gifts for their wedding but instead present them with Bitcoins most people must be having a Biticoin wallet account in a perticular site Zebpay India even I have an account on the site,so its very easy to transfer to anyones account. Nice way of making some Bitcoins.
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