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Inquiry About Tax Implications for Cryptocurrency Trading
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Dear sir
I hope this message finds you well. My name is Owais Imam Khan, and I am currently residing in Saudi Arabia. I have some questions regarding the tax implications of trading cryptocurrency.
I recently registered my Binance account using my Saudi residency details. I would like to clarify whether I will be liable for taxes on any crypto gains since my account is based in Saudi Arabia, which, as I understand, currently does not impose capital gains tax on cryptocurrency. Additionally, I would like to know if having an Indian bank account could affect my tax obligations in this context.
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