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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
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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
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Corporate Current 🇮🇳 on Instagram: "Why are virtual digital assets like cryptocurrency or stablecoin taxed like legal assets but regulated like they are illegal, questioned AAP Rajya Sabha in the Parliament. He suggested that the digital assets must be regulated and the investments that are not moving offshore should be brought back into the country. “Legalise virtual digital assets like an asset class,” said Chadha, adding that cryptocurrency is taxed at 30 per cent for capital gains and 1 pe
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