Taxes is now a hot topic in India, the 30 % taxes has already called for a campaign by Indian crypto investors. The actual taxes will be on the earning not on holding...and seems the campaign will keep going but government is not in mood of listening.
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I have a feeling the tax rate on crypto will be reviewed and reduced.
Don't assume it...government digged into free fund for them...anyhow there is a campaign going on but I doubt government will ever bother to take note of that.
That's a lot but progress. Wasn't India trying to ban all crypto just last year? As they/politicians learn more and see the benefits to the Indian economy, maybe things will get even better.
They are considering to launch own digital rupee and not ready to accept any kind of private crypto currency....still there is no clarity as far as I know they're are approx 5-6 billion worth of crypto portfolio...and every month they look themselves in doldrums.