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Digital Assets Not Akin To Gambling Or Lottery: Crypto Firm Director

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Virtual assets are not akin to gambling or lottery: Crypto Firm DirectorThe government is considering taxing cryptocurrencies at par with casinos, lotteries, betting and racecourses, according to a media report, but Aritra Sarkhel, Director for Public Policy at WazirX, a big Indian crypto exchange, said digital assets could not be put under that category.According to that media report, the Goods and Services Tax (GST) Council, which is the top decision-making body on indirect taxes, is considering levying 28 per cent GST on cryptocurrencies, with the GST Council likely to discuss the proposal at its upcoming meeting.

However, the date of that meeting is not finalised yet."Virtual Digital Assets (VDAs) are an asset class with varied use cases across industries.

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