Lawyer: India's harsh crypto tax stems from lack of understanding of the technology

Odaily News At the 2024 Peer-to-Peer Financial System Symposium, legal practitioner Amit Kumar Gupta presented a research paper on crypto taxation in India. Gupta said that India's heavy taxation on the crypto industry and blockchain field, but unregulated, reflects their lack of understanding of the technology because they believe that these technologies are only used for illegal purposes such as money laundering and terrorist financing. (Cointelegraph)