Quote from: asriloni on August 03, 2025, 05:33:34 PM

Quote from: Abiky on August 03, 2025, 04:03:43 PM

What about India? I've heard rumors that the crypto capital gains tax rate in the country is high. While this is nothing more than an attempt to discourage crypto investment like you've said, people will always find a way to trade "under the shadows".

India was also among the countries who charged very high tax to the crypto users. they charged like 31%, which is very high. Many indians were also complaining about how high tax in their country, but their gov didn't care.

I never expected India's tax to be high, you can see that the standard of living is good in countries with high tax like the US, UK, Germany, France, Spain and others.
The standard of living is not that great there are many Indians who are living in poverty with such high taxes you would expect the impact would be felt in the Indian societies.