India May Ease Crypto Taxes Amid Global Adoption
- India currently imposes a 30% capital gains tax on crypto assets.
- The tax is comparable to those on lottery and betting winnings.
- A penalty of 70% applies to undisclosed crypto assets under Section 158B.
- El Salvador has added 52 Bitcoins, totaling holdings worth $600M.
- Bitcoin’s price fluctuated between $109,000 and $91,530 recently.
India may reconsider its stringent crypto taxation due to shifting global sentiments. Meanwhile, El Salvador continues to invest in Bitcoin despite international pressures. Bitcoin’s recent trading range reflects market volatility amid geopolitical developments.
Source (2.6)https://www.newsbtc.com/news/india-could-turn-pro-crypto-as-bull-market-continues-can-best-presale-100x-in-2025/?rand=52377
