2021-03-19 00:31:00

Tax us more but don’t ban us, cryptocurrency exchanges tell govt

Mumbai: Cryptocurrency exchanges have reached out to the government and sought clear regulations for controlling and taxing crypto assets, even proffering a suggestion that rather than implementing a complete ban the government should club them under the highest tax brackets.

There is, at present, no clarity on how much taxes are applicable on cryptocurrencies under income tax or goods and services tax (GST) regulations.

The cryptocurrency

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