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Indian PM Modi calls for global cryptocurrency framework at G20 summit

According to BlockBeats News on August 28th, Indian Prime Minister Modi called for global cooperation in developing cryptocurrency regulations during the G20 summit. As the G20 chair country, India is willing to take on the task of advocating for the establishment of a comprehensive global cryptocurrency regulatory framework. It is understood that India has long advocated for the establishment of a global cryptocurrency framework. However, within India, the cryptocurrency regulatory environment still lacks transparency and is subject to high taxation. The country imposes a 30% tax on cryptocurrency profits by 2022.

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