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RE: Indian Bitcoin Exchanges Face GST Conundrum!

in #india • 7 years ago

I agree! More people need to use DEX over highly centralised ones. Also, India needs more exchanges that operate with transparency. Most are just dealers with exorbitant spreads! :(

7 years ago in #india by
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     7 years ago 

    @firepower The entire idea behind bitcoin is decentralisation. Imposing taxes on cryptocurrencies kills the very purpose. Zebpay, itself is imposing 18% GST on Deposits. The solution is to buy everything in cash on local bitcoins and transfer it to foreign exchanges or a paper wallet. It's the safest bet for now.

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     7 years ago 

    @firepower what do you think the Indian govt's stance will be? will they go towards banning crypto trading in the country like they don't allow forex trading and non-indian derivatives trading?

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