Story Highlights* CBDT is asking platforms to explain how taxes, unclear regulations, and liquidity issues have affected them.
It also questioned the questioned the lack of clarity in derivative trading, cross-border transactions, and the definition of a VDA.
Clear regulatory framework may offer more job opportunities and attract foreign businesses.
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India’s Tax Authority Pushes to Reshape Crypto Framework: Tax, Regulatory Clarity, Administrator Agency
Story Highlights* CBDT is asking platforms to explain how taxes, unclear regulations, and liquidity issues have affected them.