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.
Excited to be partnering with @Samsung to make crypto even more accessible.
We’re offering 75M+ Samsung Galaxy users in the U.S. free access to Coinbase One to bring them onboard. And we’ve fully integrated Samsung Pay, so every Coinbase user in the U.S. can use that to buy crypto.
The COINS Act is here, a rights-first model law for India’s crypto challenges drafted by Hashed Emergent & Black Dot Policy Advisors. 🇮🇳
To support the launch, we’re giving away 5 IBW tickets
👉 To enter the giveaway, Like & QT the COINS Act launch post with the following caption:
"India needs crypto regulation ✊ #COINSAct"
At Shemaroo, innovation meets Web3!🤝Partnering with @PWRLabs, we’re leveraging PWR Chain’s cutting-edge blockchain to blend entertainment with Web3, delivering immersive experiences & driving blockchain adoption in India.🌐#Web3#ShemarooVerse
Read more: https://t.co/2TQjlXYY7j
We’re thrilled about this achievement! It's exciting to see Jab We Met getting love from all over the world. We’re just getting started so stay tuned for more excitement! 🚀
@TheSandboxIndia@TheSandboxGame
🚨 BREAKING NEWS 🚨
3333 GEET Avatars: SOLD OUT! 🎊
A massive shoutout to our amazing buyers and players who made this happen—y’all are the real MVPs! 💥
We hit this milestone together, and we can’t wait to bring you even more exciting experiences this alpha season! 🇮🇳🔥
Stay tuned, the journey’s just getting started! 🚀
The Bollywood train has just arrived! 🚄
We’re thrilled to announce that the Jab We Met experience now live in The Sandbox's Alpha Season 4!
Play now - https://t.co/DtLc9RJJ08
Get ready to dive into the delightful world of one of India’s favorite romantic comedies. 💃
What You’ll Love:
- Unique Avatars to play with
- Unlock Exclusive Rewards
- Special Raffle Just for Indians
Join us on this exciting adventure and feel the magic of Bollywood come alive! It’s going to be an unforgettable experience! 🪩
Jab we met your metaverse self? 👀
It's happening TODAY!
Don't miss the epic AMA with:
- @thoughtsbyrahul from @ShemarooEnt
- @Pandapops7 from @TheSandboxGame
- @iampbiswal from Bharatbox
Join us at 4 PM IST. ⌛️
Grab your chance to win a whopping 50,000 $SAND and physical rewards.
https://t.co/AkfhC0jNVK
🚂💃 Ready to own your very own avatar? The public sale kicks off on August 7th, 2024!
Join us for an AMA at 4:00 PM IST with,
- @thoughtsbyrahul from @ShemarooEnt ,
-@Pandapops7 from @TheSandboxGame
-And our very own @iampbiswal ,CMO BharatBox
as we dive into the metaverse magic and show you how to mint your legendary avatar.
🚨 “Tumse na ho payega?"Oh yes, you can! Schedule the AMA now and don’t miss out—this is going to be legendary! https://t.co/uIYIwRDGjf
💰 Epic Rewards Await
With iconic avatars and a 50,000 $SAND reward pool and physical jab we met rewards, this is your moment to shine in the metaverse!
Flex like Geet and cash in big! 🚂💃
Unlock a massive 50,000 $SAND reward pool with these legendary avatars! 👀
Minted on @0xPolygon , this is your ticket to relive the Jab We Met magic in the metaverse.🎥
LESS THAN 24 HOURS TO GO!
Get whitelisted at 40 SAND: https://t.co/vzMnQBrm4p
Each Jab We Met avatar is a window into Geet's multifaceted personality. ✨
Own a piece of cinematic history while unlocking exclusive utilities and experiences in The Sandbox metaverse.
Relive the magic! 🌺 https://t.co/TCh6VSD5pQ
#Bollywood#Avatars
@thoughtsbyrahul discussed:
- Shemaroo's transition from traditional media to embracing web3 technologies
- Role of community in creating a more interactive and participatory media experience in the metaverse
- Potential of digital asset ownership transforming fan engagement in entertainment
- Belief in the gradual adoption of web3 practices across all sectors
Our next speaker is @thoughtsbyrahul!
Rahul Mishra is the Head - Web 3.0 Initiatives at Shemaroo (@ShemarooVerse), where he is building various opportunities in the third wave of the internet that is more transparent and uses blockchain and immersive technology to create an interactive entertainment experience 🙌
Prior to working at Shemaroo, Rahul was Chief Revenue Officer at CinePlay, which is an innovation in cinema that presents timeless stories as a digitally-immersive experience. He was also an Associate Marketing Director at IndiaCast Media (part of the TV18 & Viacom18 group) 🚀
Rahul is identifying and building various opportunities in the third wave of the internet.
Tune into Rahul speaking about communities x metaverse @IBWofficial on 6 & 7 December at Bangalore 🪷
A defining moment in entertainment. @Shemaroo leading the way! It’s been a pleasure to witness their journey from seed to realisation. Heartening when industry stalwarts take the centre stage of web3 mass adoption!
@thoughtsbyrahul championing this to finish line!!
@NEARProtocol
🚀 Our trailblazer, CEO @KaranVerse, took the stage at @IBWofficial, leading the charge in the captivating panel discussion on "Building Communities & Experiences in the Metaverse" along with an outstanding panel -
Co-Founder & CEO @Ramkumartweet of @Jumptradenft, @thoughtsbyrahul Head of Web3 Initiatives @ShemarooEnt and moderator @VivekMadani Head of @0xFireDrops by @Flipkart built on @0xPolygon shared insights that transcended boundaries.💡✨
From unraveling the intricacies of community building to envisioning the fusion of entertainment with digital realms, the panel explored the visionary perspectives that shape the dynamic Metaverse future. BharatBox's initiatives, Shemaroo Entertainment's Web3.0 endeavors, GuardianLink's community commitment, and Flipkart's Polygon-Blockchain COE all converged in brilliance. 🚀🌐
🌟💬 The echoes of wisdom and innovation from the #IBW2023 panel resonate! 🚀✨
Stay tuned for more groundbreaking moments and exciting revelations coming your way right from the BharatVerse! 🌐👏