Cryptocurrency trade in India to be taxed at 1% and regulated by SEBI.

  • To ensure a safe trading space for such crypto investors, the government is also likely to roll out guidelines for crypto exchanges in the country, including a new taxation system.
  • Another report mentions that the government is planning to introduce 1 percent GST on crypto exchanges, to be collected at source.
  • Interestingly, the sources also shared that the Securities and Exchange Board of India could be handed the onus to regulate the crypto industry in India.

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