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Topic: India May Levy 18 Percent Tax on Cryptocurrency Trading Starting July 2018 - page 2. (Read 213 times)

legendary
Activity: 1036
Merit: 1002
India, the world’s second-largest country by population, may soon give a glimmer of hope to cryptocurrency investors after months of propagating a negative agenda against the digital asset class.(taken from https://www.ccn.com/india-may-levy-18-percent-tax-on-cryptocurrency-trading-starting-july-2018/)

For Indian bitcoin traders out there, this will surely be negative news but it also means that bitcoin is being legitimized. What do you think about this and how will you prepare for it?

I also completely agree that it is positive news. India - one of those countries who was against cryptocurrency, but everything changes. The countries begin to understand that if you reject this technology, you are very far from progress. Cool
hero member
Activity: 1806
Merit: 672
Valid points on differentiating Stocks to Cryptocurrency, although I disagree that not all altcoins can be considered as a Good or even a service, but there is no doubt that Utility Tokens must be under it. Also as long as there are no other taxes involve I can say that this is a fair law being issue to make their markets more balance. I don't see anything wrong with it. I really like how one of the biggest country is showing regulation instead of prohibition.
newbie
Activity: 294
Merit: 0
India, the world’s second-largest country by population, may soon give a glimmer of hope to cryptocurrency investors after months of propagating a negative agenda against the digital asset class.(taken from https://www.ccn.com/india-may-levy-18-percent-tax-on-cryptocurrency-trading-starting-july-2018/)

For Indian bitcoin traders out there, this will surely be negative news but it also means that bitcoin is being legitimized. What do you think about this and how will you prepare for it?
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