The Indian government, which has historically been against the crypto, is reviewing its regulatory policy in response to the adoption of other national states.

According to Reuters, India’s economic affairs secretary Ajay Seth said that digital assets “do not believe in borders” – indicate that India does not want to lag behind the digital asset revolution.

As part of India’s Income Tax Act, news of a potential policy shift has emerged between a new tax of up to 70 % on the first unknown crypto benefits.

The government’s changing stance reflects the high -level game theory that is presented by Crypto pro -Coine Maxmalists that the global powers to collect digital currencies by adopting a national state through one or two countries. There will be a generation between.

India pushes punished tax and central bank digital currencies

The Government of India has currently imposed a 30 % capital gain tax on digital assets, which does not matter to the benefits of long -term investment or short -term trade.

Amit Kumar Gupta, a legal practitioner in the Supreme Court of India, presented the taxes as Draconian and tried to eliminate the development of blockchain technology without any blockchain.

Gupta added that the Indian government sees crypto currencies as “worse than gambling” and tells the quintal graph.

“Their position is that we are not allowing anyone to use or use cryptocurrency because this technology is just for money laundering and terrorist financing. Such activities.”

Former Governor of the Reserve Bank of India, Shaktakanta Das, praised the role of the central bank’s central bank digital currency (CBDC) pilot program.

The DAS called CBDCS a “future of currency” and said the country was moving towards the CBDC -powered economy in a farewell speech of December 2024.

Shortly before the departure of the DAS, the Reserve Bank of India (RBI) announced plans to expand its cross -border payment platform in search of additional trade partners in November 2024.

The bank is looking for CBDC as a basic settlement method between countries using cross -border payment platforms, which will potentially come in the form of wholesale CBDC.