India's operation is a bit ruthless. Their Financial Intelligence Bureau, Law Enforcement Bureau, Drug Enforcement Administration, and Cybercrime Coordination Center are now all engaged in blockchain forensics training - teaching hard-core skills: chasing money on the chain, freezing assets, and checking the real name of wallets.
This is not a ticket nature. The supporting actions have kept up: crypto assets are directly stuffed into the jurisdiction of the Anti-Money Laundering Law, and the income is subject to a 30% tax, and each transaction must be deducted 1% TDS (withholding tax at source). The regulatory network is getting tighter and tighter, from technical training to legal framework.
To put it bluntly, the Indian government is determined to bring the crypto world into the traditional financial regulatory system. In the future, if you play on-chain operations over there, you will have to weigh it.
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MEVictim
· 9h ago
India's combination of punches is really ruthless. The 30% tax rate plus 1% tax deduction is to wipe out the income of players on the chain
Damn, in the future, transfers on the Indian chain will have to be tax-deducted, who can withstand this
With the introduction of anti-money laundering laws, those previous privacy operations have become illegal, and friends in India have to replan their strategies
With such tight regulation, does anyone dare to engage in DeFi in India, and I feel that the activity on the chain has to decrease
The Indian government is really doing this seriously, not just talking, from technical training to full coverage of the legal framework, this method is sophisticated
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InfraVibes
· 9h ago
India's trick is really ruthless, 30% tax rate + 1% TDS, players have to run away
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DefiPlaybook
· 9h ago
India is really going to nail everyone on the chain to the exchange account, 30% income tax + 1% TDS, which is more severe than my APY last year
Now that I'm good, I have to think about whether there are any smart contracts that can bypass TDS... Forget it, I seem to be talking to myself
But then again, once they really put the real-name system on it, will other countries be far away? It's time to take a closer look at your wallet address
India's wave of operations has really pulled the privacy on the chain like a widow, and the wallet address and real ID are tied together, and the arbitrage opportunity is afraid that it will have to be transferred later
Anyway, my liquidity mining strategy has begun to consider migrating to other ecosystems, and this kind of all-round regulation is difficult to change once it takes shape, so adapt as soon as possible
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StablecoinGuardian
· 9h ago
India's trick is really amazing, directly pulling all law enforcement agencies in to learn on-chain tracking, isn't this to play the rhythm of the dead currency circle?
30% tax rate plus 1% tax deduction, every transaction has to be squeezed, no wonder coin people are running overseas
It seems that it will have to be tossed in another place in the future, and India's regulatory framework is too hard-core
Is there still a way for USDT to survive like this, and stablecoins are cool over there
But to be honest, as long as someone uses encryption, there is room for arbitrage, and it can't be sealed
I should have managed it like this a long time ago, otherwise I would really dare to cut people
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GhostInTheChain
· 9h ago
India's tax package, really, directly dissuaded me to leave
Privacy coins are going to be popular
Damn, 30% of the tax will be deducted another 1%, this is squeezing toothpaste
Will other countries learn from the Indian government's methods? A bit cowardly
Chasing money on the chain, the good days of the bastards are over
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BlockTalk
· 9h ago
India's trick is a bit amazing, 30% tax + 1% TDS, which directly turns on-chain activities into a sieve
I don't understand, why are all governments thinking about killing crypto, why don't they look at the potential of this thing
Once the wallet real-name system is rolled out, what is the point of privacy... Now it's good
But then again, India's combination is indeed serious, from technology to law, and it wants to continue to change its strategy over there
This is what the government is determined to do, there is really nothing to play
In fact, it has long been seen that supervision will only become stricter and stricter, so it should be moist as soon as possible
Who can withstand the 1% TDS, this is a disguised ban
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FloorSweeper
· 10h ago
India is really playing hard, and now the privacy on the chain is completely gone
30% tax rate... Outrageous, still deducting TDS? Who dares to trade over there
Okay, India's wave of operations is indeed ruthless, but to be honest, it's only a matter of time
The whole world is closing the net, which country is the next step
India's operation is a bit ruthless. Their Financial Intelligence Bureau, Law Enforcement Bureau, Drug Enforcement Administration, and Cybercrime Coordination Center are now all engaged in blockchain forensics training - teaching hard-core skills: chasing money on the chain, freezing assets, and checking the real name of wallets.
This is not a ticket nature. The supporting actions have kept up: crypto assets are directly stuffed into the jurisdiction of the Anti-Money Laundering Law, and the income is subject to a 30% tax, and each transaction must be deducted 1% TDS (withholding tax at source). The regulatory network is getting tighter and tighter, from technical training to legal framework.
To put it bluntly, the Indian government is determined to bring the crypto world into the traditional financial regulatory system. In the future, if you play on-chain operations over there, you will have to weigh it.