Cryptocurrencies in India: Legal Grey Area, Taxation Realities

Bitcoin surged past $100,000 amid inflation optimism and Trump’s pro-crypto stance. Google’s quantum chip, Willow, isn’t a threat to Bitcoin yet, as its 105 qubits fall short of the 13M needed to crack encryption. Alabama proposes a Bitcoin reserve to attract businesses. India taxes crypto gains at 30% but lacks formal recognition. ResearchHub uses cryptocurrency for peer-review incentives. Meanwhile, Nvidia faces revived lawsuits over crypto-related disclosures. Crypto innovation marches on!

Reference: https://www.linkedin.com/newsletters/chain-train-7126277052151844864/