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Legalise Virtual Digital Assets (like Crypto, Stablecoin) in India. Don’t drive them offshore. India taxes VDAs (virtual digital asset) like they are legal. But regulate it like they are illegal. India taxes cryptocurrency at 30% Capital Gain Tax 1% TDS; yet offers no legal recognition, no investor protection, no dedicated AML (anti-money laundering) framework. The result is: • 12 crore Indians invest via overseas platforms • ₹4.8 lakh crore in VDA trading moved offshore • 73% of India’s trading
2:12
Legalise Virtual Digital Assets (like Crypto, Stablecoin) in India. Don’t drive them offshore. India taxes VDAs (virtual digital asset) like they are legal. But regulate it like they are illegal. India taxes cryptocurrency at 30% Capital Gain Tax 1% TDS; yet offers no legal recognition, no investor protection, no dedicated AML (anti-money laundering) framework. The result is: • 12 crore Indians invest via overseas platforms • ₹4.8 lakh crore in VDA trading moved offshore • 73% of India’s trading
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ato.gov.au
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