India now levies a 70% tax on unreported cryptocurrency earnings, retroactive from February 1, 2025. Does this strict measure contradict the decentralized goals of DeFi?
hey guys, i feel this tax might stall some defi growth. heavy penalty may force devs to keep projects less open or to underreport. not sure if it truly uplifts transparency or just shuts out smaller innovators. hmm, risky overall, but we’ll have to see how it plays out.
hey guys, i’ve been wonderin about this new penalty thing. it feels like it might push the crypto world to become even more transparent or maybe even spark some creative workarounds that actually push the technology further. i mean, 70% is a heavy blow – do you think this might actually force projects to adopt more honest reporting, or could it push defi developers to reinvent how transparency is handled? personally, i see it as a double-edged sword: on one side, it could legitimize crypto through strict rules, but on the other side, it might discourage innovation or make people hide their earnings even more. has anyone noticed any shifts in the community or heard of new platforms emerging in response to this? would love to hear your thoughts and any insights on how this might shape the future of defi