To ensure a safe trading space for such crypto investors, The government may allow the use of crypto as assets in the country, though this use might be taxed for the first time ever. This means people in India may be able to buy or sell crypto currencies as shares, gold or bonds.
Does this tax system help investors to save from froud?
Sometimes i fail to understand that why people think that currently they are not paying tax if using crypto. Yes, you keep your money in trading and keep on multiplying it and pay no taxes. But as soon as you cash out in banks, the government knows that you have got money in your bank account and you now have to pay the tax on the amount which you withdraw from the crypto.