On: Sci-Hub and Alexandra Basic Information

[godelmachine]

When bitcoin was a thing last year, there was crackdown by financial regulators in India on many bitcoin users.

I admit I don’t understand the full technicalities but it’s better to err on the side of caution and stay away from it.

Hence, direct bank online transfer.

[lucb1e → godelmachine]

Why though? If they see BTC as goods then it's the same as buying a piano; if it's currency then it's the same as buying euros. Is either of those things illegal in India?

Also I assume this would be a small amount, not something that would have a tax impact regardless of whether it's a good or currency.

[godelmachine → lucb1e]

As valid as your arguments are, I wouldn't like to mess with India's version of Internal Revenue Service, no sir :)

They have already outlawed bitcoin publicly. That's their official stand.

[lucb1e → godelmachine]

Alright, thanks for sharing your situation! (hope that's the right word)