Quote from: Bitcoin Smith on Today at 02:25:48 PM

Quote from: davis196 on Today at 10:59:16 AM

I was surprised to see that India is one of the countries, where Bitcoin is legal. There were lots of forum posts about India having strict anti-crypto regulations years ago. Maybe the Indian government had changed it's position regarding Bitcoin and crypto in general.

The state of bitcoin were neither legal nor illegal and then Indian banks started restricting the bank accounts that used to receive funds from exchanges and then where the court ruled out the ban issued by banks and later government regulated all crypto as a part of digital asset and levied a hefty 30% flat tax rate on all the capital gains with no exception at all. And this is taken to discourage crypto users in the country meanwhile they realized the numbers are too big and impossible to ban so they just wanted the tax revenue and nothing else in the favor of crypto users in our country.

The question for them is only how much they would bite off from the people doing it on CEXes and such..