The stands about Crypto of all of the Indian authorities have been pretty much very indicative about their approach. It is more less on the negative side as we can see all of the reactions are pointing tools that same direction which does suggest that India is not very well come to the entire trip to universe or the industry which is related to it in anyway.
We did saw last year about the Tax rules that were implemented which of very heavy to be very honest as there is about a flat 31% tax over the Crypto cains that you make on top of that there is also a one percent TDS that is deducted for every single transaction you do. Apart from that there is a really big uncertainty about the entire trip to think over here in India as most of the exchange is pretty much not share about to operate or not and because of which the crypto market in India have been seeing continuous decline in the number of users as well as the trading volume too.
So basically it is not a very big surprise about how the other authorities in the nation will be treating Crypto as. More or less it is expected to be the same which is quite obvious to be just kind of ignoring the crypto aspect by one way or the other in all the fields that operate in India.
Cricket is a very big thing over in India there are millions of fans were very dedicated told the sport and it is also said to be the biggest market for cricket viewers as well as fans in India in the entire world. The world's biggest Cricket League is also the IPL which is Indian tournament which is hosted every single year.
So now this year BCCI which is the board for controlling cricket operations over here in India announced the Women's cricket League. It's a massive investment from very big owners to kind of own a single team in the league. As I already mentioned how big the entire market of cricket is in India so the eyeballs that are going to be capturing the event is also going to be massive.
One thing that came as a surprise or you can even say that it was expected in some ways is that the BCCI around the fact that no team is going to be allowed to partner or collaborate with any trip to related firm as a sponsor. This comes as a quite a little bit of a blue to the criptom market or you can kind of guess about the stands of the big authorities that operator over here in India let it be the government or even the private players all have the similar kind of mindset in terms of Crypto and its adoption.
With this kind of attitude towards crypto it is quite bleak to think about a very good future that is going to be happening in terms of Crypto as everyone is kind of looking to just ignore the fact and just side line it with whatever they can do.
ALL THE PHOTOS USED ABOVE ARE FROM CANVA AND THE THUMBNAIL TOO WAS MADE IN CANVA
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