I know that official regulations by the government can help to legitimate crypto. However, in India they want to apply a 18% taxation, I think is too much, and investing can be demotivating.
https://cointelegraph.com/news/india-considers-taxing-cryptocurrency-at-18-as-intangible-property-reports
Would you feel more skeptical if you country apply such taxation as well? Or would you be happy because they legitimating crypto ?
https://cointelegraph.com/news/india-considers-taxing-cryptocurrency-at-18-as-intangible-property-reports
Would you feel more skeptical if you country apply such taxation as well? Or would you be happy because they legitimating crypto ?
Dam already demotivated with that news. Lolz.
India is always prone to such changes when it gets out of their hands. However I dont really understand how they will decide the slot of taxation for the crypto currency investment and for the money which we earned from our real jobs. There could be mixing of professional taxes and crypto currency taxes and thus we may get to overpay the taxes.
Looks like perfect attempt to stop the crypto currency from the country as we will need to pay huge taxes. It doesn't seem to me a way to legalise the crypto currency but to remove it.