Indian government's ‘blockchain not crypto’ stance highlights lack of understanding

Cointelegraph

Published May 19, 2022 12:02PM ET

Updated May 19, 2022 01:40PM ET

Indian crypto businesses are struggling with the new tax policies as trading volumes have dried up and many established crypto firms are looking to relocate to more crypto-friendly jurisdictions.

While many developed countries and even several of its Asian counterparts are actively studying and formulating better crypto regulations, the Indian government has maintained a “blockchain, not crypto” stance.

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