The Indian government is considering a bitcoin transaction tax that would add $1 billion in revenue a year, a move some industry participants said is a sign of the government’s growing comfort with cryptocurrencies.
Nischal Shetty, CEO of the Binance-owned WazirX exchange, echoed similar sentiments and added that clarity on the tax front could pave the way for increased Indian institutional participation in the bitcoin market. WazirX and Bangalore-based exchange Bitbns said that they are already paying GST on trading fees.
https://www.coindesk.com/india-mulls-imposing-18-transaction-tax-on-bitcoin-transactions
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