Indian financial regulators are looking for a way to curb the cryptocurrency market and are proposing a tax on all Bitcoin transactions. It is not yet clear whether the rule will affect other popular cryptocurrencies and, in particular, “the ether”. According to preliminary estimates, an 18% Bitcoin tax will bring the country's economy an additional $ 1 billion per year.
As part of the new tax plan, bitcoins will shift from “currency” to “intangible assets,” but this is unlikely to affect the perception of virtual currency in any way. By the way, Indian financial regulators are skeptical about them. For this reason, a ban on transactions with them was introduced in March, but this only led to the development of a black market for cryptocurrencies.
The question remains how to collect the taxes because you have to follow the transactions with them. However, in a number of parts of the world, they increasingly use schemes in which for certain volumes of transactions with cryptocurrency it is necessary to indicate personal data, and exchanges must store and store them. transfer at the request of the authorities concerned.
Bitcoin's rate for today is, according to Coindesk, $ 26.8 thousand per unit.
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