The institutional antipathy towards cryptocurrencies is no secret in India. Multiple warnings have been issued against their use, many officials have declared that they are illegal. The fact of the matter is cryptos, like bitcoin, are neither banned, nor regulated in the country.
Bitcoin Illegal: Saudi Arabia Monetary Authority
Kingdom of Saudi Arabia regulators issued a statement this week through its monetary authority. Cryptocurrencies such as bitcoin are illegal in the country. Citing “negative consequences” and “high risk,” the government believes it must protect subjects from themselves.
How to pay Taxes on Bitcoin and Cryptocurrency Investments and Transactions: A Comprehensive Guide by FinanceMagnates.com
Offering a breakdown of the way Bitcoin and Tax are linked, and how to approach the issues posed by the IRS. Are you prepared to pay your Bitcoin tax?
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