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Crypto Tax in India Hits 70%? Will Global Changes Force a Policy Shift?
India has had a rocky relationship with cryptocurrency. Since 2013, the country’s central bank, the Reserve Bank of India (RBI), has warned people about the risks of digital assets. In 2018, things got worse when the RBI banned banks from working with crypto businesses, making it almost impossible for exchanges to operate. But in 2020, India’s Supreme Court removed the ban, giving crypto a second chance.