China has banned cryptocurrencies outright, and the West is looking to regulate them. India is taking a different approach: Tax them to death.
One of the world’s most spectacular crackdowns on cryptocurrencies has unfolded in the world’s second-most populous nation over the past several months. If other developing countries in Asia choose to take a similar approach, already suffering crypto investors could find themselves in for more pain in the months and years ahead.
‘Enforcement 40’ for 2020
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