what is your opinion about all this We all know that there is an attempt to destroy the future of crypto in India
In my neighboring country India 30% government tax cryptocurrency has been legalized. Cryptocurrency at 30% rate The approval was not right at all. For those who are professional trader investors, the government tax has created some difficulties.
They just announced but yet to pass the fill correct me if I am wrong! 30% tax rate seems bit higher but it is acceptable than complete ban and also in future they will make changes if the community grows so no need to panic just be happy with the regulation which is a lot better than complete ban.
That 30% is a bit high though whereas if you compare the transaction fees of a local exchange sometimes reached to 10% plus a tax of 30% is like the government want more of your money. Well, it can't be help since some said that there are lots of corruption happening in India that's why the people are suffering a lot and they can't blame them if they want to switch to Bitcoin or crypto currency.
What could their people do if it's the Indian government's decision then they should follow or else they will ban crypto. By the way, is it true that their government want to make their own crypto currency like some of the countries did making their own digital currency?
