India’s Evolving Crypto Stance
India’s stance on Bitcoin, Ethereum, and Binance Coin has softened since the 2020 Supreme Court lifted a crypto ban. A proposed bill to regulate digital currencies, including a potential central bank digital currency, faces delays. The government focuses on AML and taxation, treating crypto as assets subject to capital gains tax. India’s cautious approach aims to curb illicit activities while exploring blockchain benefits. Binance operates with KYC compliance, but regulatory uncertainty persists, impacting market growth. #IndiaCrypto #Bitcoin #Ethereum
