India's finance minister abolished the 'angel tax' but remained silent on requests from the digital asset industry to lower taxation as she presented the Budget 2024-2025 in Parliament on July 23.
More people will soon gain access to BSV, with India now getting the opportunity to buy, sell and trade this token via CoinDCX, which recently acquired BitOasis in line with its expansion plans.
In an X post, OKX asked Indian users to close all their margin positions and positions in perpetuals, futures, and options and withdraw funds from their accounts by April 30.
India's budget will be presented on February 1, and the Web3 industry hopes for better regulations for virtual digital assets and dedicated funds from the government for indigenous blockchain projects.
The Directorate of Enforcement has been questioning executives at CoinSwitch Kuber, CoinDCX, and WazirX regarding violating foreign exchange regulations.
