But one thing I could not understand, they are asking to "level the playing field" as per the writers of this article - however who are they competing against? and for what? Or am I missing something here?
As far I read the article and how things going on crypto for India they mean "level the playing field" as competing against the developed countries probably like US so they are suggesting complete framework regarding VDA (Virtual digital assets) and they also brought crypto under these.
But they ain't looking to make anything better here for crypto, they justified the 30% crypto gains and 1% TDS brought more traders to India which is completely misleading information because they introduced these new regime in 2022 but until 2024 there were no improvement in it contradictingly the number of crypto users reduced in India they only attained these numbers when they shadowbanned every global exchanges including Binance and forced users to trade on Indian exchange or don't trade.