INDIAN ECON, POLITICS, SOCIETY + BTC PRICE

[Bitcoin Smith]

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100% , if we somehow got the data from these unregulated platforms i'm sure it will 75,000cr + maybe even 100kcr

that's the main problem with goverment isn't it , their first line of action is to ban instead of regulation ..did the same with fantasy app ..they missing out on 20-25 billion $ easily in revenue if they made clear regulation instead of fear mongering ..just take tax & let adults do what thet want to with thier own money.

It's beyond economics most of the time, it's the political game and the leaders want to show them as white, never committed any sin so people will chose them over the other.

If government made fair tax rate on crypto gains then people will be start using regulated exchanges so decreasing the tax rate might increase the revenue for the government assuming everyone will start paying their taxes instead of keeping it black money.

I agree that impractical taxations always lead to black economy. When governments tighten the gold import rules, we can see lots of news on smuggled gold and when tax on cigarettes goes up, China cigarettes hit the market more. Overall, higher taxes and regulations are always ending up in revenue losses to the government. But, it seems like no government (current and all previous) minds these, they want to collect as much as taxes from the one who voluntarily comes forward and leaving off the others.

Taxation is very very important for running a government smoothly and similarly paying taxes should not be a pain to people.

Direct tax collection in our country is very less that is why the government relied mostly on the indirect taxes paid by everyone but it just adds burden to everyone instead of the one who can afford, so the first thing is we need to encourage the people to pay their income taxes and it happens when the tax is very less and also create awareness about the tax payers benefits and government should have some kind of benefit for people who paid taxes when it comes to job opportunities or subsidies?

[pawanjain]

100% , if we somehow got the data from these unregulated platforms i'm sure it will 75,000cr + maybe even 100kcr

that's the main problem with goverment isn't it , their first line of action is to ban instead of regulation ..did the same with fantasy app ..they missing out on 20-25 billion $ easily in revenue if they made clear regulation instead of fear mongering ..just take tax & let adults do what thet want to with thier own money.

Indian government somehow wants to take a step backward instead of leading the world.
By implying such huge taxations and discouraging Indians from trading in crypto they are not only getting reduced taxes but also pushing India 10 years backwards.
If only our government had intellectual people driving tech innovations forward then India could really become a leading tech country in the world.
But that dream is only gonna stay a dream for the upcoming years.

[TheUltraElite]

We can only dream the big dream, but India is growing and we are seeing good things. The railways have improved a lot in terms of infrastructure, keeping the naysayers aside. The airlines are the next, the semiconductors and chip manufacturing is happening and eventually we will develop our own.

It will happen but slowly because of politicians and local goons slowing things down, but this is true with every country out there.

The only thing I would like them to do is to reduce taxation on crypto. Currently a good volume of gift cards are the on the online stores, which I can use but I would like to be able to spend crypto directly.

[JSRAW]

We can only dream the big dream, but India is growing and we are seeing good things. The railways have improved a lot in terms of infrastructure, keeping the naysayers aside. The airlines are the next, the semiconductors and chip manufacturing is happening and eventually we will develop our own.

It will happen but slowly because of politicians and local goons slowing things down, but this is true with every country out there.

The only thing I would like them to do is to reduce taxation on crypto. Currently a good volume of gift cards are the on the online stores, which I can use but I would like to be able to spend crypto directly.

I only want revolution in municipality governance in India and if someone actually manages to fix this, uske pair dhokar piyunga.

It'll be huge boost and improve the quality of life drastically for everyone. This one thing will directly and indirectly effect almost every thing.

[vivekdhyani1]

India’s antitrust regulator approved Coinbase Global Inc.’s acquisition of a minority stake in local cryptocurrency exchange CoinDCX, the Competition Commission of India announced Tuesday.

The approval marks a development in the U.S. firm’s efforts to expand operations in India, according to the regulatory filing. Coinbase will strengthen its partnership with CoinDCX.

https://crypto.news/coinbase-wins-cci-nod-for-minority-stake-in-indias-coindcx-exchange/

[Bitcoin Smith]

India’s antitrust regulator approved Coinbase Global Inc.’s acquisition of a minority stake in local cryptocurrency exchange CoinDCX, the Competition Commission of India announced Tuesday.

The approval marks a development in the U.S. firm’s efforts to expand operations in India, according to the regulatory filing. Coinbase will strengthen its partnership with CoinDCX.

https://crypto.news/coinbase-wins-cci-nod-for-minority-stake-in-indias-coindcx-exchange/

Coinbase is trying to enter the market for a while and also got approved from FIU but not sure why they haven't started their operating. And about this matter doesn't seem like a smart move after what happened with CoinDCX recently. Even if coinbase enters the picture the trust on India based exchanges can't be retrieved anymore, it is better to operate alone like Binance to get their market share.

[pawanjain]

Coinbase is trying to enter the market for a while and also got approved from FIU but not sure why they haven't started their operating. And about this matter doesn't seem like a smart move after what happened with CoinDCX recently. Even if coinbase enters the picture the trust on India based exchanges can't be retrieved anymore, it is better to operate alone like Binance to get their market share.

That's a good point. Totally forgot about Coinbase starting its operations in India.
As far as I know they are still in progress with their roadmap and probably in 2026 we can see them supporting INR transactions as well.
After the recent decline in bitcoin price, I just hope we see a positive surge in bitcoin price in 2026.
What do you guys think, will see a surge or further decline in bitcoin price in 2026 ?

[Bitcoin Smith]

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After the recent decline in bitcoin price, I just hope we see a positive surge in bitcoin price in 2026.
What do you guys think, will see a surge or further decline in bitcoin price in 2026 ?

IMO, we entered the bear market, usually the Q4 will be the peak of bull season when it comes to bitcoin and it will extend for altcoins for a while in the new year but with bitcoin I don't have high hopes on the price surge to reach new ATH. It will be better if the price manages to reach 100K and goes the sideways then it will still be good for the investors to keep holding them.

[TheUltraElite]

I only want revolution in municipality governance in India and if someone actually manages to fix this, uske pair dhokar piyunga.

LoL dont drink that liquid. You will get the Delhi Belly.

Speaking of Coinbase, they have been setting up stuff to work in India from some older news as far as I recall.

Now they are buying stake in Indian exchanges or did CoinDCX sell some of its stake to CB and it got posed in the reverse manner? Even then I think this is the starting for Coinbase to set up its own exchange eventually in India.

[vivekdhyani1]

Coinbase is trying to enter the market for a while and also got approved from FIU but not sure why they haven't started their operating. And about this matter doesn't seem like a smart move after what happened with CoinDCX recently. Even if coinbase enters the picture the trust on India based exchanges can't be retrieved anymore, it is better to operate alone like Binance to get their market share.

Maybe the plan from them is to fully takeover COINDCX then merge it with Coinbase in next 12-24 months.

Agreed with your point though , they should have gone alone why inherit negtivity accosiate with COINDCX.

[JSRAW]

I only want revolution in municipality governance in India and if someone actually manages to fix this, uske pair dhokar piyunga.

LoL dont drink that liquid. You will get the Delhi Belly.

Speaking of Coinbase, they have been setting up stuff to work in India from some older news as far as I recall.

Now they are buying stake in Indian exchanges or did CoinDCX sell some of its stake to CB and it got posed in the reverse manner? Even then I think this is the starting for Coinbase to set up its own exchange eventually in India.

Arey bhai delhi walo ko nahi hota Delly belly, adulteration khana kha kar mmune aur digestive system itna strong ho rakha hai ki pathar bhi digest ho jate hai. Problem tab aati jab clean hawa aur khana mile, bas woh hajam nahi hota jaise kutto ko ghee hajam nahi hota 

Coinbase is trying to enter the market for a while and also got approved from FIU but not sure why they haven't started their operating. And about this matter doesn't seem like a smart move after what happened with CoinDCX recently. Even if coinbase enters the picture the trust on India based exchanges can't be retrieved anymore, it is better to operate alone like Binance to get their market share.

Maybe the plan from them is to fully takeover COINDCX then merge it with Coinbase in next 12-24 months.

Agreed with your point though , they should have gone alnoe why inherit negtivity accosiate with COINDCX.

The kind of regulations we have for businesses, it's always best to have some local partners and it becomes more important when it's crypto because even gov doesn't know what they want.