Binance Square

Deanne Slocombe qKRw

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Virtual Digital Assets (VDAs) like cryptocurrencies and NFTs are becoming key to India’s digital economy by enabling new financial opportunities. However, high taxes (30% flat on gains plus 1% TDS) and strict rules limit growth and adoption. To improve, India needs softer tax rates, clearer regulations for innovators, and better consumer education. This will help build a secure, thriving VDA market that drives financial inclusion and innovation. #BinanceCaseChallenge #HeLLTokensIIML #BinanceCaseChallenge2 #BinanceCaseChallenge20
Virtual Digital Assets (VDAs) like cryptocurrencies and NFTs are becoming key to India’s digital economy by enabling new financial opportunities. However, high taxes (30% flat on gains plus 1% TDS) and strict rules limit growth and adoption. To improve, India needs softer tax rates, clearer regulations for innovators, and better consumer education. This will help build a secure, thriving VDA market that drives financial inclusion and innovation. #BinanceCaseChallenge #HeLLTokensIIML #BinanceCaseChallenge2 #BinanceCaseChallenge20
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