Cryptocurrency Q&A
Is crypto mining legally profitable?
Is crypto mining legally profitable?
SumoStrength
Thu Dec 26 2024
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5
answers
1231
I'm wondering if crypto mining is actually profitable from a legal standpoint. I want to know if it's worth investing in, considering all the legalities and regulations surrounding it.
5 answers
WindRider
Sat Dec 28 2024
However, there are certain tax implications that miners need to be aware of.
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BitcoinBaron
Sat Dec 28 2024
Miners must pay tax on the fair market value (FMV) of the crypto they minted, based on their tax slab.
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Giuseppe
Sat Dec 28 2024
The legality of crypto mining in India is a question that many individuals have.
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Tommaso
Sat Dec 28 2024
Additionally, a 30% tax on gains is applicable when the miners sell out the respective coins.
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Nicola
Sat Dec 28 2024
The answer to this question is yes, crypto mining is legal in India.
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