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54% people don’t want cryptocurrencies to be legalised in India, favour taxation as foreign asset: Survey
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Around 54 per cent people covered in a pan-India survey did not favour legalising 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
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