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Perhaps it is better to have such a tax rate with transparent and competent regulation of the crypto industry than not to have it at all.Moreover, we do not know the nuances in their legislation and perhaps this is a normal tax rate.
I am happy for the Indian people who finally have an alternative payment to fiat but a tax rate of 30% seems to me really exaggerated
Better some kind of regulation than its complete absence...so at least you can choose)
30% tax is a way too much in my own assessment. Because here in my country our tax was only 12% meaning 18% is the difference. Therefore, it maybe a good news to all the community out there in India but a big burden when they're gonna do some transactions in the cryptocurrency anyway. Good luck to you guys who lived in INDIA.