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 volume shifted to foreign exchanges
• 180 Indian crypto startups relocated abroad
The answer is : compliance in India. Give VDAs clear asset class status in India.
A clear domestic regulatory sandbox, with strong AML guardrails can bring activity back onshore, protect investors, improve compliance and add ₹15,000–20,000 crore in annual tax revenue.
Let us not fear innovation, let us regulate it.
Prohibition is not protection, Regulation is protection.
YAY: BITCOIN holding above $106k. YAY again.
The rich get richer. Unfortunately I am guessing…. Fewer than 1 out of 8 million indiviuals can write a check for $106 k. Does that mean only the rich who have $106 in cash will get richer…as Bitcoins price soars higher? No. Of course not. That is the genius of Bitcoin. Even if all a person can afford is 1/2 a Satoshi, Bitcoin’s design is Democratic….allowing even people who cannot write $106k checks the same equal opportunity to get richer and richer….as those that can write $106 k checks.
Lesson is…Bitcoin is Democratic…pure genius in design… “an equal opportunity get richer and richer digital asset.” Brilliant. But do not wait in delay. Start getting richer today. At least start buying Satoshis….before Sats are also $106k.
I don’t get it. Why all the debate about what is better? Gold or Bitcoin? In my opinion the only facts that count are how many gold coins do you own and how many Bitcoin?
End of discussion.