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Banks are still on the fence about working with crypto firms even after RBI's ban was overturned.
The crypto industry has decried the move, stating that it would hamper the privacy rights of crypto holders.
While there is no clear definition of cryptocurrency in the GST law, the government might be looking to change that.
To add insult to injury, the government recently clarified that loss on crypto assets cannot be offset against gains.
This move by the world’s largest stock exchange can have a significant impact on the adoption of cryptocurrencies and NFTs.