IndiaTech.org – Regulation and Development Versus Blanket Ban
On the contrary to a coming blanket ban on cryptocurrencies in India, there is an organization that has a better alternative. IndiaTech.org is a startup association that has a goal of developing the crypto industry in the country through a bunch of solutions that will help to regulate them effectively.
They developed a framework that includes much tracking and reporting, and also suggest giving cryptocurrencies the status of assets like gold or shares. IndiaTech believes that the crypto industry can benefit the country’s economy a lot if managed and regulated in a proper way.
They also suggest the taxation for cryptocurrencies just like for any other type of assets. The proposal is addressed to a NewDelhi in hopes they will reconsider their positions towards the crypto industry in the country and won’t ban it whilst all the policies and laws are respected.