Hello friends,
I am doing good, and I hope that you are having a good time with your near and dear ones.
This is not the first time when Indian Government and the finance ministry are talking about Crypto and what they are expecting on the global front. Recently during the G20 summit, the Indian finance minister stated that they are expecting global support to draft a framework for Crypto. She has not said the work the Indian government is doing and what stand they are going to take later on.
We have been talking about it in India for some time and every time their focus is to bring a strict framework for Crypto. They are considering the blockchain a good technology but at the same time, they are also not in favor of cryptocurrency. It is very confusing for the people who are dealing in cryptocurrency because they are paying taxes but there is no support from the government side. The government has been talking about Crypto and blockchain in public, but they are not doing anything in the country. If they are doing it then they should share it with the citizens of India and anyways they are not going to compensate the loss of any investor.
The life of Indian crypto investors is not easy because they have to deal with exchanges that are also playing dirty games by not providing better services and even users are struggling with withdrawal. Secondly, the government itself is not supported in this matter and they are trying all the ways to get the revenue but are not ready to provide what this has been given for. The world is moving forward with the adoption of Crypto but seems India is lagging behind. It is difficult to say whether as a country we are moving forward or running behind many other countries to join the trend.
Let's hope we comment and the finance ministry pays some serious attention to this matter and does whatever is needed as per the global adoption level. Bringing smooth and easy regulation and boosting the growth of Crypto in India along with increased revenue for the government which is another good point for the economy in the country.
Thank you
Posted Using LeoFinance Beta