Responses from the Indian Government on Crypto Legalization and Fraud Prevention

The Indian government addressed two sets of questions about cryptography were addressed by the Indian government in the Lok Sabha.

Due to its lack of national boundaries, cryptocurrencies necessitate global cooperation to prevent regulatory arbitrage.

The Reserve Bank of India (RBI), India's national bank, has warned to consumers, holders, and traders.

Crypto income is already subject to a 30% tax in India while bitcoin legislation is being prepared.

The Indian government has developed a platform for reporting cryptocurrency-related fraud.

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