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Zhu Su 🔺
@zhusu
The thesis of nonaligned nations embracing crypto is starting to play out
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Balaji
@balajis
India is legalizing cryptoassets. There’s significant fine print, especially around tax, but overall this is a win. Speech (video): youtube.com/watch?v=ExYcfi Speech (transcript): indiabudget.gov.in/doc/budget_spe Summary: pib.gov.in/PressReleasePa Full Bill: indiabudget.gov.in/doc/Finance_Bi
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Neeraj Thakur
@NeerajT4
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@zhusu
Ser
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Neeraj Thakur
@NeerajT4
So, you'll have to pay 1% TDS on every Crypto-to-Crypto transaction. Government wants their 1% cut upfront. How will this be enforced though? It's so cumbersome to get mark-to-market prices of all the transactions on CEX & DEX. Government has added a lot of unnecessary friction twitter.com/tanvi_ratna/st…
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p0mmi3
@p0mmi3
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@zhusu
However tho.. "Any loss made on one of the transactions CANNOT be set off against another." Indian Government saying; Your Risks. Our Profits. 🤝
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