Monday for Money...! Indian Tax Authorities See ‘Concerns’ in Bitcoin Trading

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As awareness and adoption of bitcoin grow in India, there are concerns among authorities about the potential for abuse by tax evaders and money launderers. According to the Economic Times, Indian tax authorities fear that trading of cryptocurrencies ‘could become conduits for illicit flows and the movement of black money.’
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This is a currency we can buy and sell. It is not in black money. This is a new currency. It does not need any banks. There is no charge of transaction for this. And we can use it easily. Profit in this currency is quite significant.
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