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Given the stance of the Reserve Bank Of India (RBI) Governor and other key ministers from time to time, it can be safe to state cryptocurrency is not banned in India. Till 2022, cryptocurrency was unregulated in the country. This changed after the government set forth a 30% and 1% tax on profits from cryptocurrencies and tax deducted at source respectively in the Union Budget of 2022. This event marked the Indian government’s official regulation of cryptocurrency in the country.  There is some uncertainty in terms of the regulation of cryptocurrencies. There is confusion on whether cryptocurrency is a commodity, such as gold or silver, or a security, such as stocks or bonds. Because of this indecision, neither the Securities and Exchange Commission nor the Commodity Futures Trading Commission can regulate cryptocurrency.

Price swings signal important information to investors — and build previously unseen levels of transparency into the system. Here’s How To Earn Cryptocurrency In 2023 With No Investment Read his full article here.