What would be the stand of India on Crypto Investments?

The crypto markets are keen to watch and observe the news of taxations if any in the forthcoming budget session in the Parliament of India.

During late last year in 2021, the crypto markets sharply reacted to the proposed ban of the Crypto Bill which was scheduled for the discussions in the Parliament of India during the winter session. On hearing the news, the crypto market nose dived sharply.  

The Reserve Bank of India was not in favour of the Cryptocurrencies and it raised serious issues on this. 

There are even plans to introduce a common digital currency in India. 

A total cryto ban, definition of private crypto coins, regulation mechanism, taxation, classification of a new portfolio of assets - were in minds of the common man which were seriously discussed/ debated on this. 

Considering that a comprehensive solution has to taken on the Crypto regulations in all kinds, it was considered to postpone the introduction of the bill last year. 

It is now everyone are expecting any taxation of the Crypto Investments or the Crypto gains in India from the Budget Speech from the Finance Minister of India which is scheduled on February 1.

Without any argument, the Crypto World is all set to ready to wait and react to this in the coming days!

If there are any hints or direct messages on this line, the crypto market would definitely fell down again. 

Let's cross our fingers on the announcement if any and to wait and watch how the crypto markets would react to this!