“The Cryptocurrency Industry in India Has Spotted Its Chance to Lobby for More favoraable treatment from New Delhi”, – WRITE: www.coindesk.com
Crypto Exchange Exchange Exchantives SAID PRIME Minister Narendra Modi’s Government’s Has Become More Receptive Towards Digital Assets and Has Englished in Discussions Since Since Since Trump.
“Thanks to Trump, The Positive Momentum that have had in Crypto had Impacted India as Well,” Coinswitch Co-FOUNDER ASHISH Singhal Said, Accounting To The Report.
The Industry’s Big Ask Is a Reduction in the “Very Harshly” Imposed Taxes, Singhal Added.
In India, Crypto Transactions Are Currently Subject to A 30% Capital Gains Tax and A 1% Levy on Everi Transaction Out of Concern from Authorities that Digital Assets.
The Reserve Bank of India (RBI) Has Also Been A Vocal Crypto Critic, Even Banning Banks from Providing Services to Crypto Companies in 2018. Thouhh this was .20
Current Rbi Governor Sanjay Malhotra Has Avoided Directly Criticizing Cryptocurrency, with Singhal Saying Its Relationship with The Central Bank Going.
Read More: WHY CAN’T INDIA DRAFT A CLEAR CUT CRYPTO Policy? Country’s Supreme Court Raps Government
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