Cryptoknowmics
2022-03-09 11:25:53

Crypto Can Make India a Technology Powerhouse: CoinDCX CEO

Sumit Gupta, co-founder, and CEO of the popular Indian crypto exchange CoinDCX believes that cryptocurrencies can add a lot of value to the country’s GDP and make the country a technology powerhouse. With the country leading on ITeS-based solutions from the past three decades, India can definitely not ignore the upcoming Web3.0 revolution, blockchain boom, and the crypto $1.7 trillion crypto market economy. “It can lead to great innovation, create employment opportunities and make India a technology powerhouse,” Gupta tweeted. However, the proposed 30% tax on crypto will likely dampen India’s potential on leading the new frontiers of the crypto economy. “Taxation is good. But 30% tax on crypto is demotivating for investors and innovators,” Gupta added. Crypto is a new technology that can add a lot of value to India's GDP. It can lead to great innovation, create employment opportunities and make India a technology powerhouse💪 Taxation is good. But 30% tax on crypto is demotivating for investors and innovators#ReduceCryptoTax — Sumit Gupta (CoinDCX) (@smtgpt) March 9, 2022 Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a crypto tax proposal of 30% on gains made from crypto tradings from April 1. The proposal also includes a 1% tax deducted at source (TDS) by crypto exchanges on transactions above 10,000 Indian rupees ($133). Reportedly, the 30% crypto tax bracket is the highest in the country and near...

Hankige Crypto uudiskiri
Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine