BlockBeats News, May 20th, according to Cointelegraph, as reported by Indian legal media LawChakra, despite the government imposing taxes on digital assets such as Bitcoin, the Indian Supreme Court recently questioned the country's lack of a clear stance on cryptocurrency regulation.Supreme Court Justice Surya Kant, in a continuing hearing involving Bitcoin transactions, stated: "These cryptocurrencies constitute a complete parallel economic system that is posing a threat to the national economy." He further pointed out that despite the government imposing as high as a 30% tax rate on crypto assets, there is still a significant lack of regulation."If you have already decided to tax it at 30%, then please also regulate it because by taxing, you have effectively acknowledged its existence," Justice Kant said.
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