20 January, 2022
The cryptocurrency bill to regulate cryptocurrency in India is a much-anticipated piece of legislation in the winter session. However, much is left to speculation since the bill is not yet in public domain. Seven years ago when I first heard about bitcoins, one bitcoin was worth INR 300. Today, the value of one bitcoin is estimated at approximately INR 40 lakh in India. Studies estimate that there are approximately 15 million cryptocurrency users in India. With the increased discussion on cryptocurrency one interesting legal concern that seems to have missed the headlines is the taxation of cryptocurrency trading in India.
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Originally published on BW Legal World on December 09 2021
For further information, please contact:
Kritika Krishnamurthy, Partner, AK & Partners
kritika@akandpartners.in
