vik Ħ
76 posts

vik Ħ
@vik32305154
VIsual Effects Artist, Compositor, Crypto Enthusiast.
Katılım Mayıs 2021
56 Takip Edilen15 Takipçiler

Legalise Virtual Digital Assets (like Crypto, Stablecoin) in India. Don’t drive them offshore.
India taxes VDAs (virtual digital asset) like they are legal. But regulate it like they are illegal.
India taxes cryptocurrency at 30% Capital Gain Tax + 1% TDS; yet offers no legal recognition, no investor protection, no dedicated AML (anti-money laundering) framework.
The result is:
• 12 crore Indians invest via overseas platforms
• ₹4.8 lakh crore in VDA trading moved offshore
• 73% of India's trading volume shifted to foreign exchanges
• 180 Indian crypto startups relocated abroad
The answer is : compliance in India. Give VDAs clear asset class status in India.
A clear domestic regulatory sandbox, with strong AML guardrails can bring activity back onshore, protect investors, improve compliance and add ₹15,000–20,000 crore in annual tax revenue.
Let us not fear innovation, let us regulate it.
Prohibition is not protection, Regulation is protection.
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@IOHK_Charles I really wish @IOHK_Charles and @leemonbaird @ManceHarmon were to there to represent the crypto community.
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@patrickbetdavid Check out Hederacon on February 25, 2025
Denver, CO. And you will get your answer. @hedera #hbar
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@StackAI_xyz Is StackOS/Stack AI still using BNB chain ? Look into #hedera and its latest news about Verified Compute with EQTY labs.
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I’m counting down the days until the $KBL drop on @hedera
who else is going to be aping? 🙋🏻♂️
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