On December 13, 2017, India's Income Tax (IT) department swooped in on at least nine bitcoin exchanges to look
into alleged tax evasion before announcing its intention to impose capital gains taxes on adopters.
South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market
into turmoil as the nation's police and
tax authorities raided local exchanges on
alleged tax evasion.