Digital asset taxation is a welcome move since it removes longstanding ambiguity around the legality of cryptocurrencies in India - Rohit Chadda, Network 18
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By Rohit Chadda, Group Chief Strategy Officer Network 18
Digital asset taxation is a welcome move since it removes longstanding ambiguity around the legality of cryptocurrencies in India. However contrary to popular belief, launching our own digital rupee will not reduce interest in existing digital assets. People trade on existing cryptocurrencies for capital gains. Being an asset-backed stable coin, the digital rupee may not get much interest from the crypto trading/investing community.
It’s great that the government is focusing on the EV infra through interoperability and battery swapping policy but we could have pushed better adoption of EVs through better incentives for consumers purchasing EVs and/or subsidies to EV manufacturers to reduce prices.
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