India’s Supreme Court hints at Crypto Regulations for Trading
Taboo is a word that is usually reserved for concepts that are not acceptable in the present times. For example, 100 years ago, same-sex marriages or equal voting rights for women were considered taboo subjects in societies.
Similar is the story of cryptocurrencies in India. A concept considered taboo when it comes to regulatory frameworks and open adoption, yet convenient enough to be taxed at 30% for any capital gains. Cryptocurrencies, including Bitcoin, are neither banned nor regulated in India, thereby creating a grey area where users continue to be exploited.
The disdain shown for the crypto sector by the Indian government has not gone unnoticed. Recently, a two-judge bench of the Supreme Court of India refused to grant bail to a…
