The Indian government is considering taxing the country’s cryptocurrency transactions and ecosystem

According to Indian media EN NOW’s Twitter, on September 13, an Indian government insider told reporters that the government will not only impose taxes on cryptocurrency exchanges, but will also impose taxes on all individuals who realize capital gains through trading cryptocurrencies.

The policy will cover the entire industry ecosystem. Although it will not recognize cryptocurrencies as a valid asset class at present, people familiar with the matter said that the Indian government's position is very clear: the most important thing is to tax everyone.

According to a person familiar with the matter at Twitter, India may impose cryptocurrency tax starting September 22.