The future of cryptocurrency in India is still not clear. Whether India and the government ever accept bitcoin as a legal currency is still a grey area. So where does India stand on the question of cryptocurrency? Is cryptocurrency ever going to become completely legal or not?

We have two sides to the story. One is a lobby of people who believe that cryptocurrency is just a fun time for speculators and holds no real intrinsic value in the markets of the world. On the other side, we have crypto enthusiasts who have invested a lifetime of saving in cryptocurrency and are already using this to their benefit. So who is right and who is not? 

The government of India in its budget session made it clear that the future of cryptocurrency in India is not going to be absolutely cheerful as there was no talk about making it legal, rather a big shock was the announcement of 30 % taxation on cryptocurrency by the Indian government. Does this mean that the government is only interested in the taxation of digital asses but not on the question of legality? For how long will this stance be acceptable?

Recent scams in cryptocurrency, in India or at the global level have proved that cryptocurrency is being used by scammers to run away with huge sums of assets invested by people who wish to make a fortune from it every new cryptocurrency that gets introduced. So what is the safety measure against such scams and fraud so of cryoto? 

All this is being discussed in this podcast by Palsksha, Amrit and Aksay. Find out what they think about the future of cryptocurrency in India.

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