Tax cops go fishing

Bitcoin trading soared in India recently with some of the country’s top exchanges Zebpay, Coinsecure, Unocoin, and Bitxoxo reporting a huge influx of new users as well as massive trade volumes. Some of the new interest in bitcoin comes from ‘high net worth’ individuals which might have pushed the tax authorities to send a signal with this latest action.

o, if I am moving the do-re-me in India, I have to ask myself,"elf, is your wallet encrypted on the exchange? Does self have one copy of the key, the other held in a paper vault". Remember our rule, no exchange decrypts your wallet, except under kernel control in hardware protected space, using verified protocol with timeout.