Crypto in G20 and the most prominent thing India said to cryptocurrency amid calls for a ban?!
India, as the current G20 president, has proposed regulating cryptocurrencies, which may cause trouble for crypto investors. During a recent two-day meeting of
By Inside Crypto archive
Image preserved from the Inside Crypto archive
Archived from Inside Crypto. The original publication date is shown above; later developments may not be reflected in this article.
India, as the current G20 president, has proposed regulating cryptocurrencies, which may cause trouble for crypto investors. During a recent two-day meeting of finance ministers and central bank governors, some members of the G20 suggested a complete ban on cryptocurrencies. The CEO of BuyUcoin believes that India could lead the efforts in global crypto regulations and adopting an industry-supporting stance would help the country achieve its $5 trillion economy dream. The Indian G20 presidency aims to capture the macroeconomic implications and widespread crypto adoption in the economy, and the Indian digital asset industry is hoping that policymakers will accommodate their aspirations. However, digital asset tax has emerged as a significant source of tax revenue for the government since the formal tax regime was introduced last year.
