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The exponential growth that the cryptocurrency market has seen in the past decade has causedmuch discomfort among governments across the globe, owing to the unregulated nature oftransactions and what some may argue is a disproportionate impact of the crypto market ondomestic economies
The knee-jerk reaction that the industry has attracted from the Indian government in particular has materialised in the form of imposition of a virtual digital assets tax on cryptocurrencies. The authors argue that this policy failed to effectively address its objective and only resulted in a sudden downfall of the crypto market in India, creating negative repercussions for the domestic economy. The authors then employ a game theoretical analysis to propose an alternative taxation framework that recognises the significance of the crypto market and better balances the need for its regulation.
Vedika Chawla and Vasushrava Mahipal (2025) "Taxation of Cryptocurrency: The Indian Faux Pas", GNLU Journal of Law And Economics : Volume VI 2023, Issue II
Available at:
https://gnlu.ac.in/GJLE/Publications/Taxation of Cryptocurrency: The Indian Faux Pas
