Taxes on Bitcoin in India: These back-to-back lockdowns made people realize the value of getting a passive income source. In search of a good passive earnings source, we Indians tried some ways to make good money. Some started their own business from home and a few started investing in IPOs and real estate. However, plenty of people prefer to invest in cryptocurrencies. Bitcoin is a cryptocurrency created by Satoshi Nakamoto. you’ll buy or sell bitcoins on a bitcoin exchange. Any bank or government doesn’t regulate the currency. Blockchain is the core technology behind bitcoin and other cryptocurrencies. It’s a public ledger of data that records all bitcoin trades.