The regulatory implications of India’s crypto transactions tax
Cointelegraph
Published Jul 17, 2022 07:27PM ET
Updated Jul 18, 2022 09:20PM ET
The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions.
India’s first crypto law, which requires its citizens to pay a 30% tax on unrealized crypto gains, came into effect on April 1. A commotion among the Indian crypto community followed as investors and entrepreneurs tried to decipher the impact of the vague announcement with little or no success.
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Written By: Cointelegraph
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