The Indian newspaper “The Print” has admitted that India’s crypto policy has failed miserably, while international investors are gaining confidence in Pakistani initiatives and Indian propaganda has completely failed.
According to the report of “The Print”, the crypto market has been stagnant due to the strict tax policy in India during the visit of the founder of Binance to Pakistan and discussions on the possibilities of crypto cooperation.
The report further said that after India’s failed crypto strategy, Pakistan’s effective crypto policy has become the center of attention of the global media. After the implementation of 30% crypto tax, 97% of the crypto market in India has disappeared and young investors have been forced to leave the country.
The newspaper wrote in its report that the Indian crypto policy has closed the doors to global digital opportunities for the youth, while Pakistan has taken a big step by making an important announcement of 2000 MW mining and the establishment of a Bitcoin reserve.
The newspaper says that Pakistan’s establishment of a “Bitcoin Reserve” after the US is a sign of superiority over India and this is an open admission by “The Print”.
Pakistan has used the failures of India’s crypto strategy as an effective diplomatic policy, while India has had to bear a tax loss of Rs 60 billion due to the failed crypto policy.
Due to strict restrictions, Indian startups and experts have been forced to turn to developed countries.
According to “The Print”, renowned American Bitcoin expert “Michael Saylor” has also openly supported Pakistan’s effective strategy and offered to help in creating a Bitcoin reserve.
The report further said that to make the crypto strategy more effective, Binance co-founder “Changpeng Zhao” has been appointed as a strategic advisor to the Pakistan Crypto Council.
According to the newspaper, Pakistan has taken a big step in crypto diplomacy by holding Bilal bin Saqib’s meetings with senators in Washington, excluding India from the global dialogue.
Pakistan Crypto Council CEO Bilal bin Saqib has announced a successful framework to counter India’s failed crypto policy, saying that Pakistan’s successful crypto strategy has now become a symbol of victory on the diplomatic, economic and technological fronts.
