India’s Equalization 2% Levy Could Be Imposed On Crypto From Offshore Exchanges
Current Indian laws may impose a 2% tax on the purchase of cryptocurrencies from overseas exchanges that serve the Indian market. According to local sources, the Indian government’s 2% “offset tax” can be extended to crypto assets purchased on offshore exchanges. As reported by the Economic Times on June 22, analysts inferred that existing laws […]
Crypto Ban: Indian government to reconsider
Reports are emerging that India’s government may be reconsidering its stance on cryptocurrencies with the formation of a new regulatory panel. A May 19 report in the Economic Times , cited three sources privy to discussion on the formation of a fresh panel of experts with a view to regulating cryptocurrency trading in India. The move […]