Singapore
Removed 7% GST on #Cryptos
Australia
Proposed law supports renewal energy based mining and lower capital gains
Wyoming US
Crypto bank upcoming
Dubai
Regulatory authority VARA being setup
Bermuda
CBDCs working
India
30% crypto tax with no setoff 1% TDS
While taxation is a positive step, 30% tax will discourage traders. We believe that crypto-assets should be treated fairly and at par with other asset classes like equities to enable growth of the industry in the long term.
#ReduceCryptoTax