Lawyer: India's harsh crypto tax is due to lack of understanding of the technology

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Bitget2024/10/17 14:21

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)

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