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Mumbai: US-based Buttercoin, a free Bitcoin exchange backed by investors such as. Google Ventures, says it is in talks with Indian banks to launch an exchange in India to allow for the purchase and sale of Bitcoinsa virtual currency that has caught the worlds fancy.
Also, NEO supports an identity protocol unlike other smart contract based coins. Max. supply: 100 million (little less than 5x Bitcoins) Learn more about NEO Price history NEO has lot more differences or unique features, e.g., it uses dBFT (delegated Byzantine Fault Tolerance) and not.
The only problem with the newer forms of currency is that the assurance of adoption by the general public is less solid. Investing in any form of cryptocurrency is a bit like setting out to California during the gold rush era. You are going to devote a lot of time and resources into the mining, but you may strike gold.
As of today, RBI is still working out the various issues about bitcoins and how they will relate to actual paper currency. Hence, as far as I am aware you cannot officially exchange any bitcoin for Indian currency. The only possible way is to find.
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In fact, they arent really taxed at all. Most importantly, they wont and never will be taxed as ordinary income.
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