With Bitcoin, Ethereum, and other cryptocurrencies taking the market by storm with their rising prices, the demand for its regulation has gained momentum. Here are key things that India and Indians can achieve with the crypto regulations.More investment for exchangesDomestic and foreign \u2014 the regulations of crypto trading are likely to bring both types of investment in the country. The regulations help in building the confidence of consumers across any sector in the market and they feel secure about investing their money. India\u2019s emergence as the home to leading cryptocurrency exchanges like PCEX Member is a positive signal about the acceptance of cryptocurrency as a security asset for trading. The regulations will pump more money from retail traders as well as institutional traders like banks and hedge funds.More revenue for the governmentThe regulations will make crypto trading a service that will become taxable as per the GST law. It will create an extra source of income for the government. Needless to say, the crypto exchanges will also be contributing through corporate taxes. Investors earning through crypto will again be paying income tax over their earnings. Though the field of \u201cIncome from Other Sources\u201d in the ITR form still has the option, most of the crypto trading population feel not comfortable disclosing it there citing the uncertainty.The development will also enable law-abiding citizens to invest in cryptos in a worry-free manner. The new revenue generation tool will add to the public exchequer. In absence of regulation, the government is losing revenue on all fronts.Contain abuse of cryptosDue to the absence of an ombudsman, cryptocurrency trading has once become a safe haven for gamblers, drug peddlers, or similar people who were involved in illicit trades. They used it to anonymously transfer funds to favour or fund things that were not legal.The RBI\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Con Bitcoin, Ethereum y otras criptomonedas tomando el mercado por asalto con sus precios en aumento, la demanda de su regulaci\u00f3n ha cobrado impulso. Aqu\u00ed est\u00e1n las claves [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4080"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4080"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}