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RE: Bitcoin: Indian Tax Officials to Send Tax Notices to 500,000 HNWIs for Possible Tax Evasion!
Which is why it's better to pay taxes than messing with the laws.
The govt can Max ask to pay taxes since they tehmselves don't have a framework around the whole crypto thing.
Agree that we should always pay our taxes. But I don't agree with paying 30% taxes (If you are investing it cryptocurrencies and doing it right you shall fall in this category :P). Especially since there are so many risks associated with trading in cryptocurrencies today and Government regulations are only making it more difficult.
If government wants to charge taxes on cryptos they should make things easier for the end users. Moreover since they are charging taxes on these gains the government should also invest some part of the budget in Crypto startups and eco system.
I fully agree!