India has passed bill to imposed heavy taxes on cryptos since July 2022. It includes 30% tax on profits and 1% Although the tax slab is too high but it is viewed in positive sense by Indians as it is a step towards legality.
Other way to look at it is that , heav y tax is a means of discouraging Crypto to ecosystem. What is your take?
Yes actually at the time.or passsgae of bill such discussions were also going on and infact that's going to happen . Shortly people will evade out of Indian exchanges and shift to international exchanges .
Your concern is genuine .
Thanks
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