High taxes on crypto will disincentivise compliance


Taxes are better positioned to serve their purpose if they incentivize compliance

Topics

cryptocurrency | taxes

The Indian crypto and blockchain industry has been a standout emerging sector of 2021, attracting $638 million worth of venture capital investment. The path India takes may also have a profound impact on the world.

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




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First published: Sunday, May 08, 2022. 22:16 IST

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