However, one year down the line, the crypto industry is seen to be coming to terms with this move of the government. Not only has the industry seen the emergence of dedicated crypto tax startups/ platforms in the country, but also crypto exchanges tying up them.
“I believe the government has laid clear guidelines on crypto to date. The taxation laws are clear; there are compliant exchanges running in the country which people are trading on. The expectation from an Indian resident who invests in crypto is to invest through regulated, compliant exchanges and to pay taxes regularly,” says Raghuram Trikutam, CEO, Descrypt.
Says Minal Thukral, EVP, Growth and Strategy, CoinDCX. “The more compliant the crypto industry, the more it will become a safer asset class.”
Denne historien er fra August 2023-utgaven av Entrepreneur magazine.
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Denne historien er fra August 2023-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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