Will crypto be eliminated from India now?

Hello friends, if you invest in crypto, be careful now, because the problem is increasing for crypto researchers, and many frame crypto heard recently, fr crypto is there, where anyone can have $ in 2 seconds 6.50,000 have been made.

And the government implements many rules and laws to prevent this fraud, which seems to be contrary to crypto investors, so today we will inform you about some new updates, so if you invest in crypto if you , then open your eyes, and take the right and wrong decision.

Is crypto-currency legal or illegal?

As of now, we cannot say, is crypto currency legal or emulating, it happened with banks, GST 30% was implemented on crypto in the budget of the 2022 economic year, so many people felt that in the country To be legal, while many say it means to do so, crypto will have to reduce volume.

And let us tell you that 30% should be given only after profit, i.e. if you do crypto transaction, or you are damaged, you don't have to do it in this situation.

Like TDS 1% TDS must be provided during each transaction, the government has not provided a tip on virtual assets, but it is anticipated that crypto and NFT currencies will come.

Can't invest through UPI.

On 7th April this year, Crypto Company Company, which is the second crypto exchange platform in terms of volume, announced the launch of crypto trading and investing in India, and transacting easily through Bharti traders and Yi investors. Received, but later NPCI stated that no information should be shared by crypto exchange UPI, also crypto to use UPI will not.

UPI is the largest online payment system in this country today, according to the survey, the number of people who switched to UPI in India increased, and from 2020 to 2021, this figure has increased to the level of 50%. Most people use UPI.

At the same time, people will not be able to use UPI in crypto, which is a big problem after Mahindra Box has discontinued its banking facilities from the crypto platform.

Is crypto-currency banned in India?

As seen, the crypto company faces losses, such as Wazirx losing 72% in trading volume in less than 2 weeks, Zebpay by 59%, CoIndcx by 52% and Bitbn by 41%. For this reason, crypto Indian investors have increased fear of loss.

And the fear is being expressed, Vjirks will go from India, so let me tell you, the co-founder of the company says about this problem, that acts like the company, the work will continue to work, and no one else also the company will change to other countries, the government needs to honor.

And the government gets fat money from crypto, so the government will not allow these companies to do anything like that.

The information provided here is for educational and entertainment purposes only.

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