“I want to understand the possible effects of the new regulations coming in. When the government says outlaw all private cryptocurrencies in India, does it include the likes of bitcoin, polygon, ethereum etc?” a crypto user shared her anxiety on a Telegram channel.
The anxiety found an echo in another voice. “I think they’ll allow network utility coins like ethereum, MATIC, NEAR etc. Also others might be put under heavy taxation volumes, and the ones with heavy trading volumes will be banned,”
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