#CryptoRegulation
United States
Under SEC Chair Paul Atkins, the SEC is drafting new rules to:
✅ Clarify classification of crypto tokens
💼 Promote lawful issuance & trading
🚫 Deter fraud and misconduct
🇮🇳 India
India continues its tough stance:
💸 30% tax on crypto profits
💰 1% TDS on all crypto transactions
🧾 Mandatory KYC update by June 30, 2025 to boost compliance and transparency
🇬🇧 United Kingdom
The UK steps ahead with innovation:
⚖️ Launch of GFO-X — the first regulated crypto derivatives platform
📈 A move toward more formal regulatory oversight
Why It Matters:
These varied strategies emphasize the importance for investors and businesses to: