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?
But how can they tax crypto? On what basis they will tax the crypto? There is only one way of implementing tax that's by imposing tax on all the crypto exchange which operates in the country and exchange will deduct an additional amounts apart from transaction fee towards the tax but this should be limited only when user buys crypto using fiat or exchanges from crypto to cash. They cannot impose it on day trading as its impossible.