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šØ Breaking: Major Crypto Tax Update from India! š®š³
Union Minister Piyush Goyal has confirmed that India will not ban cryptocurrencies, but non-backed crypto assets will face heavy taxation.
š” This signals a clear shift ā the government wants to discourage speculative meme coins while promoting regulated, safer digital assets like CBDCs.
š Currently, crypto profits are taxed at 30%, plus 1% TDS per transaction.
The new move hints at stricter taxes for high-risk coins in 2025.
š Expect traders to pivot toward stablecoins and government-backed digital currencies for compliance and safety.
š¢ Stay ahead of every major crypto policy update in India ā follow TradingCopter for real-time insights. š
#CryptoNews #India #Taxation #Bitcoin #Altcoins #CBDC #TradingCopter
Union Minister Piyush Goyal has confirmed that India will not ban cryptocurrencies, but non-backed crypto assets will face heavy taxation.
š” This signals a clear shift ā the government wants to discourage speculative meme coins while promoting regulated, safer digital assets like CBDCs.
š Currently, crypto profits are taxed at 30%, plus 1% TDS per transaction.
The new move hints at stricter taxes for high-risk coins in 2025.
š Expect traders to pivot toward stablecoins and government-backed digital currencies for compliance and safety.
š¢ Stay ahead of every major crypto policy update in India ā follow TradingCopter for real-time insights. š
#CryptoNews #India #Taxation #Bitcoin #Altcoins #CBDC #TradingCopter
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