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The Republic of India emphasizes the need for regulation of NFTs and digital assets to combat fraud, money laundering, and tax evasion, proposing a 30% tax on NFT gains to enhance traceability. India advocates for expanded compliance measures, a UN-led Digital Asset Integrity Protocol, and a multilateral tax system to prevent illicit activities. The country calls for immediate collaborative action to ensure that the digital economy fosters innovation while maintaining regulatory integrity.

Author
aaryya
Language
EN

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