The news is no surprise. The Indian government has been working on crypto regulatory frameworks since 2019, and only after years, the country was able to finally introduce a crypto bill. Several cryptocurrency exchanges said the 30% tax is considered a major step for the crypto market, explaining that the country has seen a huge shift from the early days when it was planning to ban crypto-related activities.
Meanwhile, Thailand has also imposed a tax proposal. However, the country quashed its 15% tax proposal on crypto after facing backlash from retail market operators. South Korea on the other hand has delayed its 20% tax proposal citing vague crypto regulations.
