India Seeks Stakeholder Input On Crypto Regulation, Incoming Relief For Traders?

Quick Summary:

According to a report by CNBC TV18, India aims to reach out to crypto industry stakeholders to invite inputs to clarify its regulatory framework for digital assets.

While clear laws exist regarding the tax implications of crypto transactions, the lack of consumer protection against exchange hacks remains a concern.

Lowering tax rates would certainly attract more retail participation in the industry, enabling the government to expand its tax base while also allowing profit-making investors to pay less tax liability.

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Article Details

Author / Journalist: aisshwaryatiwari

Category: Crypto

Markets: HungaryIndia

Topics: WazirX Crypto tax India Crypto News India WRXUSDT Cryptocurrency WRX Crypto regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 12:00:35 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22227674

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Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

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News Last Updated: 8 hours ago

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