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What is ZCHF?
ZCHF is a stablecoin that is linked to the value of the Swiss franc (CHF). In simple terms, 1 ZCHF
Is DeFi legal in India?
DeFi is neither legal nor illegal in India.
Section 115 BBH of the Indian Income Tax Act taxes DeFi gains at a 30% flat rate, which grants some legality.
However, there is no concrete law establishing regulatory guidelines for DeFi income.