Nearly all of us know how the FTX saga is unravelling. Is it an example of the Indian authorities being on point by effectively stamping crypto out of the country?
Looks like we’ve dodged a bullet with FTX. Okay, make it two with Terra Luna. Right. Three with the BTC crash. Fine. Four with the NFT bust.
crypto is not technically banned but the taxation laws with a 1% TDS on all crypto transactions, plus 30% capital gains tax, plus non-offset provisions between products has promised a swift kick in the sensitive parts if you dare touch Crypto in our country.