What is a new tax on crypto in India?
Could you elaborate on the recent developments surrounding a potential new tax on cryptocurrency in India? I'm particularly interested in understanding the details of this proposed legislation, such as the specific tax rate, how it will be implemented, and what cryptocurrencies will be subject to this tax. Additionally, I'm wondering how the crypto community in India is responding to this news and whether there are any concerns or predictions about how this tax could impact the industry. Please provide a comprehensive overview of the situation, highlighting any key points or potential implications.