$BTC $ETH $BNB
No government law considers crypto mining illegal in India because you will be using your own resources for crypto mining. However, the income you receive from the sale of Bitcoin and all other $cryptocurrencies is still taxable. Therefore, there is no special permit required to mine crypto in India, and thus you can start working immediately by purchasing the necessary hardware.
Moreover, according to the Minister of State for Finance, the acquisition cost that you will need for mining Virtual Digital Assets (VDA) will not be considered as the cost of acquisition.
Experts believe that Bitcoin will play a more important role in the world economy as time progresses. As time goes on, mining will also become more competitive, and the rewards per block will also decrease.
Make sure you do thorough research and assess the results before making any investment. Furthermore, the crypto market is highly volatile and it is important to keep track of the latest news and understand the trends.
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