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"Cryptocurrency, Digital Tokens Should Be Considered As 'Capital Assets' For Income Tax Purposes": Industry Body CII
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Crypto or digital tokens should be treated as securities of a special class, said CII
Crypto or digital tokens should be treated as securities of a special class to which the provisions of existing securities regulations will not apply, and a new set of regulations appropriate to the context should be evolved and applied, CII said in a statement.
This would mean regulatory focus principally on dealings and custody, rather than on issuance (except where issuance entails an Initial Coin Offering
Read more on ndtv.comAbout this in other media
Reserve Bank Of India (RBI) Central Board Discusses Cryptocurrencies, Internal Members Not In Favor ndtv.com /3 years ago
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