Hong Kong-based FTX exchange is following Binance and Bittrex’s lead by allowing its users to trade in US-based tokenised stocks — including Google, Facebook, Tesla, Netflix and Nvidia.
While this is awesome, since FTX is a foreign crypto exchange, if Indians use it for trading, what will the whole tax angle be? Because there have been contradictory reports about a equalisation levy, or a the normal 18% GST that you pay on normal stocks too.
And secondly, what happens if India bans crypto? Where to tokenised stocks stand in that picture? Will I be able sell them off and book profit/loss/whatever if that happens?