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【Wealth Succession】INDIA: India prepares ban on private crypto-asset trading

India's federal government has announced its intention to table the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the winter parliamentary session. The Bill's provisions are expected to ban private ownership and trading of crypto-assets, tighten regulations on advertising crypto-assets and impose a higher tax rate on gains from crypto-assets. One estimate puts the number of crypto-investors in India at between 15-20 million and the total holdings to be in excess of USD5.3 billion, following the Supreme Court of India's 2020 decision to annul the government's 2018 blanket ban on cryptocurrencies....

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