12-03-2021, 05:41 AM
India is no longer going to ban crypto. However they're gonna tax the fuck out of it.
<!-- SC_OFF --><div class="md"><p>As an Indian the past few weeks have been mind numbing. The stress is unreal. You western folks have it easy. All you gotta worry about is the dip. </p> <p>We Indians had to worry about the dip and the possibility of an outright ban. </p> <p>If I wasn't a firm believer of crypto, I'd have panic sold but I held out thinking our government cannot shut itself off like that. Look at the taxation opportunities! </p> <p>Anyway it seems our Indian crypto movement is getting noticed by the government and they're finally deciding to regulate Cryptocurrency as Crypto "Assets" and not recognized as legal tender. </p> <p>It will be regulated by SEBI (Securities and Exchange Board of India). </p> <p>All in all, it's a sigh of relief for us Indian folks. I'd rather pay some tax than become an outcast.</p> <p>Now time to worry about the dip. </p> <p>Source: <a href="https://www.ndtv.com/business/new-crypto-bill-private-cryptocurrency-to-be-regulated-not-banned-crypto-not-legal-currency-in-india-5-points-2634568">https://www.ndtv.com/business/new-crypto-bill-private-cryptocurrency-to-be-regulated-not-banned-crypto-not-legal-currency-in-india-5-points-2634568</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ultron290196"> /u/ultron290196 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7b4yp/india_is_no_longer_going_to_ban_crypto_however/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7b4yp/india_is_no_longer_going_to_ban_crypto_however/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>As an Indian the past few weeks have been mind numbing. The stress is unreal. You western folks have it easy. All you gotta worry about is the dip. </p> <p>We Indians had to worry about the dip and the possibility of an outright ban. </p> <p>If I wasn't a firm believer of crypto, I'd have panic sold but I held out thinking our government cannot shut itself off like that. Look at the taxation opportunities! </p> <p>Anyway it seems our Indian crypto movement is getting noticed by the government and they're finally deciding to regulate Cryptocurrency as Crypto "Assets" and not recognized as legal tender. </p> <p>It will be regulated by SEBI (Securities and Exchange Board of India). </p> <p>All in all, it's a sigh of relief for us Indian folks. I'd rather pay some tax than become an outcast.</p> <p>Now time to worry about the dip. </p> <p>Source: <a href="https://www.ndtv.com/business/new-crypto-bill-private-cryptocurrency-to-be-regulated-not-banned-crypto-not-legal-currency-in-india-5-points-2634568">https://www.ndtv.com/business/new-crypto-bill-private-cryptocurrency-to-be-regulated-not-banned-crypto-not-legal-currency-in-india-5-points-2634568</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ultron290196"> /u/ultron290196 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7b4yp/india_is_no_longer_going_to_ban_crypto_however/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7b4yp/india_is_no_longer_going_to_ban_crypto_however/">[comments]</a></span>Kind Regards R