“Regulating crypto assets is certainly high on the agenda” for India, said the IMF official. cryptocurrency bitcoin $BTC
A director at the International Monetary Fund says that crypto regulation is “certainly high on the agenda” for India. “We are trying to come up with global standards for #crypto asset regulations. I think that’s important for India to also adopt,” said the IMF official.
The IMF director then commented on the taxation of crypto transactions in India. “Of course, I know that India has changed the taxation of crypto assets and that’s a welcome move.” The Indian government started taxing cryptocurrency income at 30% without allowing loss offsets or deductions on April 1. Crypto trading volumes subsequently
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