...taxing like that would have killed crypto to be honest.

Nah. Crypto is much bigger than one country or taxes.

Plus, even India's 30% is better than nothing. Think back to the early 1980s when the capital gains tax rates were through the roof (granted there were different tax structures so it isnt an exact comparison). Nevertheless, even at a 70% tax rate, people still invested.

Besides, the more they push onerous taxes, the greater the likelihood we see a lot of privacy development start to take place. More MimbleWimble.

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