Regulating cryptocurrencies: Treating them as speculative assets
The Hindu
What has been the recent events surrounding the status of cryptocurrencies in India? Why is the Union Government opting for regulation rather than outright banning?
The Union Government is said to be considering a proposal to tax cryptocurrency transactions in the country. The move would bring cryptocurrency trading, which has till date happened outside the ambit of the law, into the formal economy. The proposal has given hopes to crypto-enthusiasts that the Government may decide to regulate rather than impose an outright ban on cryptocurrencies.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.