High taxes on crypto will disincentivise compliance

business-standard.com:

The Indian crypto and blockchain industry has been a standout sunrise sector of 2021, attracting venture capital investments worth $638 million. The path India takes can have a profound impact on the world as well.

With a high talent-density, robust public digital infrastructure, and growing internet adoption, we are uniquely positioned to shape the global crypto landscape, and internet’s future. But there is competition. From the Asian financial hubs of Dubai and Singapore to the United States, regulators realise the crypto ecosystem can be harnessed to strengthen and deepen the ...

Key stories on business-standard.com are available to premium subscribers only.

MONTHLY STAR

Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked.

SMART ANNUAL

Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have