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India s central bank followed China s lead Tuesday the risks of investing in cryptocurrencies , issued a strong warning about bitcoin initial coin offerings. The income tax department has been surveying cryptocurrency exchanges across the country to zero in on those who profited from the recent boom but skipped paying taxes on the money they made. A taskforce has been working to determine the legality of things like Bitcoin under the law in India as there was once a thought to place a full blanket ban on.
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