When bitcoin hits mainstream media for its ATH or bulk buying by microstrategy or by Elon Musk etc, I have watched Indian media as well covering about bitcoin and then people around me start asking about bitcoin and other cryptocurrencies. Right now, 30+% taxation on profits of crypto investments actually dragging backward the interest on crypto investments from new adaptors.

People need to realize that we need to pay 20% tax on short term profits from stock market then why not 30% tax on crypto profits? I mean, India is already too heavy on taxation hence cryptoscrypto profits cannot be an exception.

Overall, regulation has been blocking down the adaption rate in India still I agree on a bullish year we can see more people do get into crypto space.

When bitcoin hits mainstream media for its ATH or bulk buying by microstrategy or by Elon Musk etc, I have watched Indian media as well covering about bitcoin and then people around me start asking about bitcoin and other cryptocurrencies. Right now, 30+% taxation on profits of crypto investments actually dragging backward the interest on crypto investments from new adaptors.

People need to realize that we need to pay 20% tax on short term profits from stock market then why not 30% tax on crypto profits? I mean, India is already too heavy on taxation hence cryptos cannot be an exception.

Overall, regulation has been blocking down the adaption rate in India still I agree on a bullish year we can see more people do get into crypto space.