30% tax is already too much and they proposing to increase it, this is ridiculous. Government is always doing something to loot people in one or other way.  Very sad

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This is definitely not encouraging by this politians about crypto but I believe there's a positive change to occur soon.

I think politicians are not that educated on crypto. They think what they doing is the best way forward. How is it a gambling.
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@sanjeevm Well, the 30% tax sounds insane.  I hope that does not become a reality.  I am not sure whether people realize that, because of India's large population, this really affects everyone.  

I wonder what caste certificates are.  It sounds Orwellian.  I tried Googling, but I am not sure about what I am reading.  It seems the purpose is to help people from lower castes by certifying that they are from lower castes?  Or is it a veiled attempt to identify those in lower castes and thereby maintain the caste system?  I probably badly misunderstand, but I hope you can educate me and overlook any embarassing things I might say.  

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Thats a very thoughtless way of actually definining what Crypto is. I think in general it misleads people and increasing the tax on it is to make the Indian people totally dissociate themselves from crypto. It's saddening. 

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Countries have become aware of great danger because there are many multinational companies wanting to start investing in cryptocurrency especially in Sports Fields

Politicians just seem to be so threatened by crypto - understandably so, between lack of knowledge and the potential of decentralization, it is quite a threat!

!1UP

I think politicians are not that educated on crypto. They think what they doing is the best way forward. How is it a gambling. You place bet then you win or lose, you could lose it all. Crypto like Bitcoin has been the best performing of the millennium. Basically people that bought crypto earlier, has never lost the money. You can't say that about stocks or horse racing. Even companies on the Dow Jones has bought crypto !

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We should focus on the positive side of crypto and soon the politicians will realize it too.

@sanjeevm It is funny how he said tax rates won't affect those taxed. Funny really! I love that reply that crytonewshindi gave to it too. But really, these politicians, the government know that crypto is just above them and they are threatened!!

There must be a strategy of buying and selling currencies, as there are many people who waste their money in bets and they are deceived by virtual profits

So capitalism is an unsustainable dick-wagging contest and companies grow biggest when they fleece the public.  So, by this logic, shares are more stable because they are backed by these fleecers, and FIAT is better because it is backed by government which changes leaders every couple years.  These are reasons to doubt crypto?

I will take crypto then!


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