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@markashishcross
ID: 1494023389089972225
16-02-2022 18:58:51
93 Tweet
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Market makers and liquify providers are mandatory for crypto eco-system to flourish in India. 1% TDS for every sale of crypto assets will force them to only provide services to companies in other countries. #reducecryptotax #faircryptotax Day-75 #IndiaWantsCrypto Unocoin: India’s Bitcoin & Crypto Exchange


Rats are abandoning the ship. #reducecryptotax #faircryptotax Day-79 #IndiaWantsCrypto Unocoin: India’s Bitcoin & Crypto Exchange

If the main intention of 1% TDS on crypto transactions is to track trades, the same can be achieved with 0.01% as well. This will help in keeping the market more liquid else the fair market prices will get skewed. #reducecryptotax #faircryptotax Day-87 #IndiaWantsCrypto Unocoin: India’s Bitcoin & Crypto Exchange

Apart from paying tax burden, the investors also are forced with tax reporting and returns filing burden even when their income tax slabs are at 0%. #reducecryptotax #faircryptotax Day-89 #IndiaWantsCrypto Unocoin: India’s Bitcoin & Crypto Exchange


The formula for inflation keeps changing to keep it low. Bonds keep getting created to print more money. Crypto is pure math and set in stone. Crypto is not bad and don’t deserve to be punished with unfair taxes. #reducecryptotax #faircryptotax Day-98 #IndiaWantsCrypto Unocoin: India’s Bitcoin & Crypto Exchange

Crypto is volatile like it is today. We have seen popular coins and tokens losing 20+ percent. It is evolving industry. It is unfair if the losses cannot be offset or cannot be carried forward. #reducecryptotax #faircryptotax Day-100 #IndiaWantsCrypto Unocoin: India’s Bitcoin & Crypto Exchange


It is not the responsibility of only regulators to help fix crypto eco system but even other stake holders should be vigilant. Govt can bring education to solve this but it won’t happen through unfair taxes. #reducecryptotax #faircryptotax Day-102 #IndiaWantsCrypto Unocoin: India’s Bitcoin & Crypto Exchange

I am now a days meeting traders who are leaving India just because they cannot tolerate TDS. Govt is not going to achieve revenue this way. Even for Govt it should be a volume game. #reducecryptotax #faircryptotax Day-104 #IndiaWantsCrypto Unocoin: India’s Bitcoin & Crypto Exchange




#bitcoin and crypto is capable of saving up to 4% transaction fee and up to 3% conversion fee on international txns. Crypto avoids middle men making txns fast and free. Investment into crypto cannot be gambling. #reducecryptotax #faircryptotax Day-109 #IndiaWantsCrypto Unocoin: India’s Bitcoin & Crypto Exchange




We all agree digitisation is better including our Govt. Digitisation without centralisation is even better, however this won’t get realised for another few years. Taxation is not the way to show this puzzlement. #reducecryptotax #faircryptotax Day-129 #IndiaWantsCrypto Unocoin: India’s Bitcoin & Crypto Exchange