Jan 25, · The Income Tax Department today conducted searches at 15 places belonging to cryptocurrency traders in Surat to find out, among other things, whether the . Craig Wright’s Wife Wins UK Lawsuit Over Bitcoin Trading Account Closure December 22, admin Crypto News 0 Ramona Ang, the wife of controversial cryptocurrency industry figure Craig Wright, has won a lawsuit in the U.K. High Court over losses she incurred when the UFX exchange platform closed her account without returning her funds. Bitcoin trading. likes. Local Business. You knocked me off my feet! I m humbled and grateful. I just invest $ with EL Raphael Bashir to see what trading online was like. A week later i withdraw a profit of $5, and then I really saw how much you can earn from the markets.
Bitcoin trading suratSurat: Income Tax officials raid cryptocurrency traders - The Financial Express
Malaysia Luno. Oman Rain. Singapore Binance Mine Digital. South Korea Bithumb Coinone Korbit. Saudi Arabia Rain. Turkey Koinim. Netherlands Bitvavo. Poland BitBay. Ukraine Kuna. Africa Nigeria Luno BuyCoins. South Africa Luno. Last month, the Enforcement Directorate ED and the income tax department IT jointly raided users of cryptocurrencies in a few locations suspecting money laundering, fraud and tax evasion, said people aware of the development.
The agencies surveyed bitcoin users in Ahmedabad and Surat last month, said an ED official on condition of anonymity. According to an income tax department official, who also declined to be named, the tax department after its December survey of bitcoin exchanges had identified some suspicious accounts and was examining replies to notices sent.
These details have been passed onto the Enforcement Directorate ED , which is examining them for alleged money laundering and fraud," said the IT official. Individuals and companies in Surat connected to bitcoin trading are facing scrutiny, according to an executive at a bitcoin exchange. Actually the entire system got stopped for two days and they all went out of business. The individuals who have been investigated have traded with the major bitcoin exchanges in the country," said the executive.
The individuals, who have been targeted for the ED investigation, are those who may have done a lot of transactions in a few accounts," said the executive. Profit-taking and concern about new regulations were among the factors cited for the slump, which doubts over whether digital assets are in an unsustainable bubble.
JPMorgan strategists said that investments into and out of the Grayscale Bitcoin Trust will be key, referring to a fund that invests in and tracks the price of Bitcoin.
If flows into the trust decline, the price pf the cryptocurrency could suffer. For Quick Alerts. Subscribe Now. India - 10,, World - 79,,