High Taxes Can Kill the Crypto Industry in India, CZ Cautions

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Besides existing taxes, a new draft ITR form suggests that foreign businesses could be taxed if they have got a user base in India.

India’s anti-crypto policy came into sharp focus at the prestigious Singapore Fintech Festival , where Binance CEO flagged high tax rates as undoing the fledgling crypto business in the country.

With over 60,000 participants and 850 speakers representing top global financial services, banks, and policymaking bodies, Singapore Fintech Festival is one of the most awaited events in the digital assets and fintech industry.Binance CEO Changpeng Zhao , during a panel discussion at SFF that was live-streamed, said, “India has high tax, which is probably going to kill the industry.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in BUSİNESS

Business Business Latest News, Business Business Headlines