The Additional Solicitor General of Indian Supreme Court says that, “Good side of this tax is that it gives de-facto recognition and legitimacy to digital assets.”
While speaking at Money Controls’s Policy Next Summit, Balbir Singh said that “Given the nature of asset we are talking about, which is boundaryless today, I believe G20 is a great multilateral platform where there can be certain consensus regarding certain digital assets.”
Singh explained that assets need to have certainty to thrive as a business class of asset which comes from a regulatory framework.
Also read: Australian Exchange Independent Reserve Partners with Paypal
