Re:India seeks to block most cryptocurrencies in new bill, g...
by diab0lic on Tuesday November 23, 2021 @04:46PM
(#29323973)
Two major issues with this;
1) I'm not familiar with tax laws in India (or Brazil) but in many places this would trigger gift taxes, imposing a large financial overhead to this transaction.
2) The regulatory bodies monitoring for illegal transactions will see right through this one.
1) I'm not familiar with tax laws in India (or Brazil) but in many places this would trigger gift taxes, imposing a large financial overhead to this transaction.
2) The regulatory bodies monitoring for illegal transactions will see right through this one.