India's crypto ban is now looking unlikely 🚀 ...but there's a catch 😬
in the 12 months to 2021 — and estimates indicate more thanSupporters also argue that regulation from the government, instead of an outright ban, would lead to the creation of thousands of jobs and provide an economic boost.tax rate will be one of the highest worldwide, it was still greeted as good news by many in India's crypto industry.
"Hope to see a reduction of crypto ban fear in India. Lot to unpack here but overall this is a very positive step forward for the crypto ecosystem in India." Shetty went on to share screenshots of government documents that explain how the crypto taxation measures will work — and said the paper "doubles down on the fact that virtual assets are legal in India."
A poll that was jointly performed by Deloitte and The Times of India also suggests that a significant number of consumers are interested in gaining exposure to crypto — but have simply been waiting on the sidelines for regulatory clarity.said they are willing to do so once the government's policies become clearer.
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