India’s Bitcoin Balance Sheet Pioneer: [Company Name]

Jetking Infotrain, a company listed in the Bombay Stock Exchange (BSE), has become the first Indian company to invest in cryptocurrency. This move could potentially lead to other companies considering adding Bitcoin or other cryptocurrencies to their assets. However, the Indian government’s stance on cryptocurrency remains unclear, with some banks freezing accounts associated with cryptocurrency transactions.

Investors in cryptocurrency are also concerned about tax implications. One user expressed confusion about whether they would have to pay tax on their cryptocurrency holdings if they sell their crypto to stablecoins like USDT and keep them in a wallet like CoinDCX, instead of converting them to Indian Rupees (INR). The tax implications of holding cryptocurrency assets in India are still being clarified.

(Note: This summary is based on the content provided and does not constitute financial advice. Please consult a financial advisor before making any investment decisions.)

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