Quote from: Doan9269 on June 10, 2023, 01:09:49 PM

Secondly is that, will the government through this now allow the commercial banks to perform cryptocurrency transactions as against the ban made in 2021 considering the new administration.

Yes, that's exactly what it literally means, because before the ban of Bitcoin, users could it using Visa or Master cards to buy Bitcoin directly from online from online exchanges, unlike now that is mostly done through p2p

Quote from: Davidvictorson on Today at 02:29:15 PM

The first hurdle for them is to who has cryptocurrency and who doesn't. One may argue that they may use KYC from Binance exchange platform. They can't do that for non-KYC required wallets like the Electrum wallet. Well I am interested in see how it goes.

Yes, you are on point on what you just said, because it is only people who has funds on centralized exchanges that will be taxed, while people who has Bitcoin in non-custodian wallets and uses only decentralized exchange will be able to bypass this taxation.