CZ Binance Hints At Rising Taxation Being Detrimental To Indian Crypto Industry

CZ Binance Hints At Rising Taxation Being Detrimental To Indian Crypto Industry

The Indian government has maintained a bullish stance on its income tax on crypto assets. The government demonstrated this with the proposal of a Cryptocurrency and Regulation of the Official Digital Currency Bill in 2021. However, cryptocurrencies and NFTs are currently not regulated in India. The RBI even tried to ban crypto in 2018. Related Reading: Why Ethereum Could Drop To $1,500, After ETH Gained 30% In Last 2 Weeks Although the proposed “Cryptocurrency and Regulation of Official Digital Currency Bill” was never implemented, the government’s stance on crypto is....


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