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Given the stance of the Reserve Bank Of India RBI Governor and other key ministers from time to time, it can be safe to state cryptocurrency is not banned in India. Till 2022, cryptocurrency was unregulated in the country. This changed after the government set forth a 30% and 1% tax on profits from cryptocurrencies and tax deducted at source respectively in the Union Budget of 2022. This event marked the Indian government’s official regulation of cryptocurrency in the country. Securities authorities in Canada have issued warnings about the risks of crypto assets. You are using an outdated browser. Upgrade your browser today or install Google Chrome Frame to better experience this site. A28. When you receive cryptocurrency in exchange for property or services, and that cryptocurrency is not traded on any cryptocurrency exchange and does not have a published value, then the fair market value of the cryptocurrency received is equal to the fair market value of the property or services exch https://sotokoto-token.com/