Budget 2025: Crypto Industry Seeks Digital Asset Innovation, Simple Tax Structure and More

Budget 2025: Crypto Industry Seeks Digital Asset Innovation, Simple Tax Structure and More

The government is set to present the union budget for the next financial year on February 1. Policy and taxation that they are hoping to see during the coming year. In addition to calling for revised Crypto Tax Rates, Crypto Firms have Urged the Government to Prioritise Measures that Ensure India Remains Competitive With Other Countryes, Particularly in the Realm of Emerging IES.Introduction of Crypto RegulationNeither India Govern the burgeoning crypto sector. Leaders of Crypto Firms Claim That India has a Unique Opportunity to Launch it is a business-for-boxchain hub with one of the largest pools of developers in the world. ” Ides in Crypto regulation. India, In the Coming Budget, Should Talk About Priorizing Investments to Improve our digital infrastructure, Expand Blockchain Research, and Introduce Clear Policies to Regule E Blockchain, Crypto, and Artificial Intelligence (AI), “Unocoin Co-Founder Sathvik Vishwanath Told Gadgets 360.Vishwanath also said that if the government aligns its approach on web3 with global trends and focuses on digital asset innovation, the Country S that are also working on the same technologies.in the US, the us Securities and Exchange Commission (Sec) has set up a special task force to accelerate work on Crypto-Related Legislation. The UK plans to finalize its crypto rules by 2026. Nings are taxed at 30 percent in India, and a one percent tax deduted At source (TDS) is Levied on Each Transaction. The government introduced these taxes on April 1, 2022. Have pushed investments pouring into the web3 sector To other countries like the uae. This has led to domestic innovation being hindred. Budget 2025 Must Come with Tax Rate Revisions and Permission for Loss Offsets, “Said Sonu Jain, Chief Risk and Compliance Officer at 9Point Capital.L. Olishment of Angel Tax for all classes of investors. This Rule Levied Taxes on Investments from Wealthy Individuals Who Por Pour their own capital into Startup Businesses. It is worth noting that Last Year’s Budget Speech Did Not Include Any Ments of Crypto or Blockchain. Act on India’s Global Position in the Crypto Sector, which is Presently Valued at Over $ 3 Trillion, “Said Thangapandi Durai, Ceo of Madurai, Tamil Nadu-Based Koinpark Crypto Exchange. (Tagstotranslate) Budget 2025 Crypto Industry Expectations Digital Assets Taxes Cryptocurrency (T) Budget 2025 (T) Crypto Tax

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