“Recently, the government of India declared that crypto trading is legal and that taxes will be reduced from 30% to 10%.”
What FACTLY found
The government of India has not explicitly banned cryptocurrencies but has not provided clear guidelines on their legality. Since as far back as 2013, the Reserve Bank of India has issued circulars and cautioned users, holders, and traders of virtual currencies (cryptocurrencies). In 2018, the Reserve Bank of India (RBI) issued a circular prohibiting regulated firms from offering services to individuals or companies involved in cryptocurrency trading. However, the Supreme Court of India overt...
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 3 July 2024. FACTLY (India) looked into it and published its finding on 5 July 2024, 2 days later. Its rating was “MISLEADING”.
Where the claim appeared
- Facebook posthttps://www.facebook.com/photo?fbid=2568447273327685&set=gm.1508001109789750&idorvanity=1…
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.