A positive taxation structure for cryptocurrency could have repercussions in shoring up the entire Indian economy. This can
Attract Investment: A conducive environment will attract more investors and entrepreneurs looking for opportunities in the crypto space—be it by creating jobs or innovating.
However, such rationalization might not allow cryptocurrency traders and companies to relocate to countries with lax regulations.
On the other hand, for the Indian cryptocurrency industry, Union Budget 2024 could not come at a more critical juncture. The fraternity is keen to know what the UNION Budget has in store for it, much-expecting reforms to the existing issues and unlocking complete potential of cryptocurrencies and blockchain technology in the Indian economy.
