Union Budget 2023-24 Expectations: Crypto Sector Looks Forward to Tax Deduction

In the Economic Survey 2022-23, citing the FTX collapse, the government has highlighted how the crypto market has proved to be filled with risks.

FTX Collapse Has Put Spotlight on Vulnerabilities in Crypto Ecosystem: Economic Survey 2022-23

The volatility of the crypto asset ecosystem has brought to the forefront their fragile backing and governance problems, said the survey.