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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
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1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
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🚨 BREAKING: India May Rethink Crypto Rules
The CBDT (Central Board of Direct Taxes) has reached out to crypto platforms for feedback on:
✅ Whether India needs a new law for Virtual Digital Assets (VDAs)
✅ Which regulator should oversee crypto, SEBI, RBI, MeitY, or FIU-IND
✅ The impact of the 30% flat tax + 1% TDS on trading activity
✅ Allowing loss set-off against gains
✅ Whether current rules are forcing traders to move offshore
This is the first real sign that India is reconsidering its tough stance on crypto taxation and regulation.
If changes follow, it could bring much-needed relief to the Indian crypto ecosystem.