Lawyer: India's harsh crypto tax is due to lack of understanding of the technology
On October 17, at the Peer-to-Peer Financial Systems 2024 seminar, legal practitioner Amit Kumar Gupta presented a research paper on crypto taxation in India.Gupta said that India is heavily taxed but unregulated in the crypto industry and blockchain space, reflecting a lack of understanding of the technology, which is perceived to be used only for illegal purposes such as money laundering and terrorist financing. for illegal purposes such as money laundering and terrorist financing. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized AI verification protocol Swarm Network secures $13 million in funding
Data: Currently, 13 entities have disclosed holding approximately 8.277 million SOL in reserves
U.S. stocks opened lower, with the Dow Jones down 0.08% and the Nasdaq down 0.1%.
Trending news
MoreCrypto prices
More
