cryptocurrencies in the country and instead pitched for treating them as digital assets held overseas, digital community platform LocalCircles said in a report. LocalCircles said the study received more than 56,000 responses from people residing in 342 districts of the country, while the number of responses to individual questions differed. In response to a question on how India should handle cryptocurrencies from a regulatory standpoint, 8,717 responses were received. "...26 per cent said it should legalise these currencies and tax them in India. A whopping 54 per cent, however, said it should not legalise but tax it like a digital asset held in a foreign country, and 20 per cent did not have an opinion.
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