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19-11-2021, 11:19 AM
18 Nov 2021 11:54PM
(Updated: 19 Nov 2021 07:30AM)
MUMBAI/NEW DELHI :India plans to tighten regulation of cryptocurrencies to deter investors from holding them
......
allow only those that have been pre-approved by the government to be listed and traded on exchanges - an intentionally cumbersome process
......
Such a pre-verification approach would create obstacles for thousands of peer-to-peer currencies that thrive on being outside the ambit of regulatory scrutiny.
......
A senior government source said investors "will have to pay over 40per cent on any crypto gains so far", adding that additional goods and services sales taxes, and securities transaction taxes, could be levied on top of any capital gains taxes.
......
the plan is to ban private crypto-assets ultimately while paving the way for a new Central Bank Digital Currency (CBDC).
https://www.channelnewsasia.com/business...es-2323566
(Updated: 19 Nov 2021 07:30AM)
MUMBAI/NEW DELHI :India plans to tighten regulation of cryptocurrencies to deter investors from holding them
......
allow only those that have been pre-approved by the government to be listed and traded on exchanges - an intentionally cumbersome process
......
Such a pre-verification approach would create obstacles for thousands of peer-to-peer currencies that thrive on being outside the ambit of regulatory scrutiny.
......
A senior government source said investors "will have to pay over 40per cent on any crypto gains so far", adding that additional goods and services sales taxes, and securities transaction taxes, could be levied on top of any capital gains taxes.
......
the plan is to ban private crypto-assets ultimately while paving the way for a new Central Bank Digital Currency (CBDC).
https://www.channelnewsasia.com/business...es-2323566
