But now recently the government of India has said that every money that you have earned from digitally, from crypto, you'll have to pay 30% of the tax on it. It means that indirectly that crypto would be officially accepted in India, but it hasn't been official. And the second thing, crypto currency is a very good way from which you can earn money, but don't rely on it. Create a very great backup for yourself
Darpan Sethi
@DocSethi · 1:50
And similarly, if you compare it with, say, a high risk assets like equity, equity has so many regulators, which makes it a very safe place to be in, safe in the sense that the crypto broker can basically go bankrupt and we will be bankrupt as well. But the same does not happen with equity or debt instrument or bank fixed deposit, so on and so forth. So that is, I think, a good step on the part of the Indian government to safeguard its own people
Riya Sharma
@Rsharmaiya · 0:42
In my opinion, share market or any investment comes with a lot of risk. For investing crypto currency, you have to or you should and you must this search beforehand before investing on it. If you don't have a proper knowledge crypto currency or any other digital currency, you should never do that. You should always study online in any resource that you can find before investing crypto currency. That's just my opinion
ankush arora
@ankusharora · 0:39
Hey, guys. Hey, Anisha. I think crypto is a very, very nice way of earning money and losing money. Also. You write on that part, but I don't think the government of India did right on putting 30% tax on crypto currency, because I don't think people will be much interested in that. After paying 30% tax, half of the income they earn from the crypto would be paid to government. I don't think that decision was right