Crypto Tax Rule Makes Indian Investors Lose Interest as Trading Activity Falls: Survey
2 years, 5 months ago

Crypto Tax Rule Makes Indian Investors Lose Interest as Trading Activity Falls: Survey

News 18  

Crypto trading is experiencing a decline in its frequency due to the cryptocurrency tax regimes devised by the government of India for the digital assets, revealed a survey. Twenty-nine per cent of the total respondents said that their trading activity has decreased since the government introduced the new tax implementation system on cryptocurrency. The survey also suggested that going with the current trend, the government will lose revenue from tax collection from crypto assets since 27 percent of the total respondents said that they will trade less than the pre-tax period owing to the new taxation policy. The survey “stipulate the need to reform certain conditions” so that the tax regulations support the inclusive growth of traders and holders in the crypto market, said Rajagopal Menon, Vice President, WazirX, in a statement. Avinash Shekhar, CEO, Zebpay, said, “The results indicate a considerable number of respondents intend to reduce their trading frequency and participation in the category.” Shekhar stated that restrictive policies serve as “a barrier to both adoption and innovation.” He said, “Crypto is driving revolutionary change across the world and it is in our nation’s interest to encourage, not dissuade, participation.” As per media reports, the government is also considering levying a 28 percent GST on crypto activities such as sell-purchase, cryptocurrency mining, and services provided by crypto exchange platforms.

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History of this topic

Crypto Tax Gets Clarity, ITAT Rules VDAs To Be Recognised As Capital Assets. Check Out New Framework For Profits
6 days, 10 hours ago

Crypto Tax Gets Clarity, ITAT Rules VDAs To Be Recognised As Capital Assets. Check Out New Framework For Profits

ABP News  

The Income Tax Appellate Tribunal in Jodhpur has provided much-needed clarity on the taxation of cryptocurrencies in India. By recognising crypto as capital assets, it provides much-needed relief for investors who sold crypto before 2022, allowing them to benefit from long-term capital gains tax rates. For investors, this means that any profits made from selling cryptocurrencies will now be subject …

Cryptocurrencies to be taxed as capital gains: Relief for pre-FY23 earnings
6 days, 19 hours ago

Cryptocurrencies to be taxed as capital gains: Relief for pre-FY23 earnings

India Today  

The Income Tax Appellate Tribunal in Jodhpur has clarified how cryptocurrency profits should be taxed in its ruling in Tuesday. TAXATION BEFORE AND AFTER 2022 Pre-2022 transactions: Before the Virtual Digital Assets regulations came into effect in 2022, profits from crypto sales were categorised as capital gains, much like profits from stocks or real estate. Investors holding cryptocurrencies for more …

Cryptocurrency tax in India: Know how much you will have to pay on Crypto investments
1 week, 5 days ago

Cryptocurrency tax in India: Know how much you will have to pay on Crypto investments

India TV News  

Following Donald Trump’s victory in the US presidential elections, the value of cryptocurrencies, including Bitcoin, has skyrocketed. Heavy 30 per cent Tax on Gains In India, cryptocurrencies aren't formally identified as legal tender under the Income Tax Act’s Section 2, which classifies them as Virtual Digital Assets. These provisions mandate: A flat 30 per cent tax on profits earned from …

Mint Money Festival: Is it worth investing in cryptocurrencies, an unregulated asset class in India?
3 weeks, 4 days ago

Mint Money Festival: Is it worth investing in cryptocurrencies, an unregulated asset class in India?

Live Mint  

Imagine a fixed-income investment advisor who tried out crypto assets and then got converted. While Pande invested in crypto assets such as Bitcoin, Ethereum, Arbitrum and Uniswap, he continued his systematic investment plans in mutual funds, exchange traded funds and contributions to the National Pension System. It is an asset class for the young generation that understands technology, Ashish Singhal, …

Bitcoin, cryptocurrencies not legal in India
Trending News
1 month ago

Bitcoin, cryptocurrencies not legal in India

Deccan Chronicle  

New Delhi: Bitcoin and cryptocurrency are in news again after allegations were levelled against Congress's Maharashtra president Nana Patole and NCP 's Supriya Sule of being involved in "illegal bitcoin activities" to fund their poll campaign. - Cryptocurrency has no intrinsic value and is not redeemable for another commodity, such as gold - has no physical form and exists only …

Ready to cash out Bitcoin? Understand income tax rules on cryptocurrency in India
1 month ago

Ready to cash out Bitcoin? Understand income tax rules on cryptocurrency in India

Live Mint  

Since Donald Trump's victory in the US presidential elections on November 5, 2024, Bitcoin, the world's largest cryptocurrency, has risen more than 30%, reaching its highest point ever. If you are invested heavily in Bitcoin and want to book profit from this biggest crypto asset, remember that taxes on virtual digital assets in India operate differently than those on more …

India's crypto industry expects Bitcoin surge to boost domestic business
1 month, 1 week ago

India's crypto industry expects Bitcoin surge to boost domestic business

Live Mint  

New Delhi: India’s battered cryptocurrency industry, which has seen retail trading volumes decline by over 90% in the past three years, is cautiously optimistic about the industry’s latest surge. “The exchange-traded funds in the US have further rationalized cryptocurrency investments around the world, and the US’s pro-cryptocurrency stance could boost a more favourable policy approach around the world including in …

Crypto Tax In India: The Current State & How Union Budget 2024 Can Help
5 months ago

Crypto Tax In India: The Current State & How Union Budget 2024 Can Help

ABP News  

As the global crypto markets are on a bull run, the excitement among Indian investors is also palpable. With the Union Budget 2024 on the horizon, understanding the current tax framework and anticipating potential changes can help investors make informed decisions and optimise their portfolios. Anticipated Changes In Union Budget 2024 As we approach the Union Budget 2024, several potential …

Crypto industry seeks conducive tax environment
5 months, 3 weeks ago

Crypto industry seeks conducive tax environment

New Indian Express  

BENGALURU: The first half of this year was a significant one for the crypto industry ­-- Bitcoin touched its peak of over $73,000 in March, Bitcoin Halving, US SEC granted approval for spot Bitcoin ETFs. All these have driven increased trading activity in the Indian crypto market, and crypto exchanges hope that the upcoming Budget will create a conducive regulatory …

India leads in grassroots cryptocurrency adoption: Report
1 year, 1 month ago

India leads in grassroots cryptocurrency adoption: Report

The Hindu  

India stands first when it comes to grassroots cryptocurrency adoption, according to blockchain analytics platform Chainalysis’ 2023 Global Crypto Adoption Index released this month. Chainalysis’ report pointed out that India’s crypto adoption rates had soared despite the country’s tax regime and regulatory environment, which it called “’challenging”. “While every exchange operating in the country is required to collect TDS taxes …

Crypto India Tax PMLA State Future Regulation RBI CBDC Digital Rupee ABP Live TV
1 year, 3 months ago

Crypto India Tax PMLA State Future Regulation RBI CBDC Digital Rupee ABP Live TV

ABP News  

Crypto is often called the "Internet of Value" and for good reason. Here’s Why Crypto Could Prove Important To India Remittances: A Game Changer India holds the global top spot for remittance receipts, raking in approximately $80 billion annually. Crypto and decentralised technologies are not merely optional but vital to safeguarding India's national sovereignty. Enterprise Adoption A consortium of 15 …

Crypto Tax Compliance Solution for Investors: Giottus, TaxNodes Join Hands
1 year, 6 months ago

Crypto Tax Compliance Solution for Investors: Giottus, TaxNodes Join Hands

News 18  

Crypto assets platform Giottus and leading tax solutions provider TaxNodes have entered into a strategic partnership to provide a safe and reliable solution to customers trading and investing in virtual digital assets. Giottus CEO Vikram Subburaj said, “Giottus is delighted to partner with TaxNodes on our mission to strengthen tax compliance in the industry. By leveraging TaxNodes’ expertise and advanced …

Understanding the current state of crypto assets in India
1 year, 8 months ago

Understanding the current state of crypto assets in India

Live Mint  

It is a sweeping wave for some and a conundrum for others but crypto is the new buzzword in the world of investment finance. On the whole, the government seems to be accepting crypto and the underlying blockchain technology rather than casting them away as ‘risky’ or even ‘banning’ them. Banking is still not a breeze given RBI’s concerns The …

Navigating the complexities of crypto taxation in India
1 year, 8 months ago

Navigating the complexities of crypto taxation in India

Live Mint  

There is an adage which encapsulates the process of taxation, and it goes thus: the only two things certain in life are death and taxes. Navigating crypto from a tax angle We believe that Indian crypto investors can become tax compliant and plan their investments better by following certain principles. Building a crypto portfolio: India’s crypto tax regime does not …

Crypto advertisements and sponsors banned during Women's IPL 2023
1 year, 10 months ago

Crypto advertisements and sponsors banned during Women's IPL 2023

India Today  

Continuing its hard stance against crypto, the Board of Control for Cricket in India has decided to ban all forms of crypto-related According to a report by Planet Sport, BCCI sent a 68-page advisory to the team participating in this edition of the Women's IPL stating which ads and sponsors could not be advertised. BCCI Before the ban was imposed …

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments
1 year, 10 months ago

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments

Firstpost  

Cryptocurrencies have been gaining momentum worldwide for the past two years, making big headlines. Tax on VDAs The Union Budget of India in 2022 has introduced a system of taxation on virtual digital assets with a 30 percent tax on gains and 1 percent on Tax Deducted at Source. Need for a progressive approach to taxation The crypto industry is …

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know
1 year, 11 months ago

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know

ABP News  

The 2023 Union Budget is nearly here and the biggest question that’s haunting the mind of crypto enthusiasts is simple — how will the Finance Ministry treat the virtual digital assets sector this time around? While 2022 saw several important milestones for the crypto sector, from the taxation of gains to the introduction of a central bank digital currency, the …

Domestic crypto trading volume declines following the announcement of tax on crypto gains
1 year, 11 months ago

Domestic crypto trading volume declines following the announcement of tax on crypto gains

India Today  

With the advent of the new-age digital currencies, the cryptocurrency space has been buzzing with investors increasingly turning to crypto-based investments over fiat currency and traditional alternatives. Ever since the Finance Minister, Nirmala Sitharaman, revealed new tax laws on these digital assets in the previous year’s budget, it has been observed that there has been a shift in the trading …

Cryptocurrency Price Today: Dogecoin, Ripple, Litecoin All In Red While Solana Registers Gain
2 years ago

Cryptocurrency Price Today: Dogecoin, Ripple, Litecoin All In Red While Solana Registers Gain

ABP News  

Cryptocurrency still remains a mystical subject for many keen investors in India. While cryptos are slowly gaining recognition from investors and regulators alike, with countries and leading brands adopting it as an official tender, there are still a sizeable number of people who wish to invest in crypto, but aren't able to closely track breaking and developing news in the …

Crypto Tax: Italy Plans To Impose 26% Levy On Crypto Trading Gains; Details Here
2 years ago

Crypto Tax: Italy Plans To Impose 26% Levy On Crypto Trading Gains; Details Here

News 18  

Tightening the regulation on digital assets and expanding taxation on crypto trading, Italy is planning to impose a 26 per cent tax on digital assets for gains above 2,000 euros, according to a Bloomberg report. The Italian tax authorities currently treat digital coins and tokens as foreign currency and impose tax accordingly, which is lower than the proposed 26 per …

Finally, clarity coming soon on GST on crypto
2 years, 1 month ago

Finally, clarity coming soon on GST on crypto

Live Mint  

NEW DELHI : Clarity on applying goods and services tax on crypto or virtual digital assets appears to be around the corner, with the Central Board of Indirect Taxes and Customs working on an agenda paper on the topic. “CBIC has been asked to prepare an agenda paper on GST on crypto assets… While currently GST is being levied on …

High tax on crypto may kill industry in India: Binance CEO
2 years, 1 month ago

High tax on crypto may kill industry in India: Binance CEO

Live Mint  

NEW DELHI: High taxes on cryptocurrency transactions in the country may “kill the industry” in India, Binance chief executive Changpeng Zhao said on Thursday. Addressing an event on the global fintech industry in Singapore, Zhao said the tax rate will likely be the cause for India’s crypto industry to be stifled. For instance, on WazirX, India’s largest crypto exchange by …

Cryptocurrency trading, user signups spike in India on stable Bitcoin
2 years, 2 months ago

Cryptocurrency trading, user signups spike in India on stable Bitcoin

Live Mint  

Crypto trading volume as well as user signups have witnessed a jump of up to 45% in recent weeks because of stability in bitcoin price and a weak rupee. Bitcoin prices have consolidated in an increasingly narrow range while global equity and bond markets continued to tread challenging ground with growing stress developing in sovereign debt and currency markets this …

Crypto trading, user signups see jump in India on stable bitcoin
2 years, 2 months ago

Crypto trading, user signups see jump in India on stable bitcoin

Live Mint  

Indian crypto activity has seen a spike in recent weeks with trading volume and user signups witnessing a jump of up to 45% thanks to stable bitcoin price and weakness in the rupee. BuyUcoin has seen a spike of 40-45% in BTC-INR trading pair and a 30% jump in new user signups in the second quarter of the financial year …

Future Of Crypto: What India's Digital Coin Market May Look Like In 2047
2 years, 2 months ago

Future Of Crypto: What India's Digital Coin Market May Look Like In 2047

ABP News  

The cryptocurrency industry has grown from a small pool of developers to a community generating a trillion-dollar economy lately. Cryptocurrencies have now slowly started to emerge as a new investment class in India, as today's youth are also looking at crypto as a means to achieve financial freedom. Here is how the Indian crypto market is expected to shape up …

Kucoin survey india crypto market investors regulation tax hack concern growth sector
2 years, 3 months ago

Kucoin survey india crypto market investors regulation tax hack concern growth sector

ABP News  

KuCoin, a Seychelles-headquartered crypto exchange with over 10 million users in over 200 countries, has conducted a survey to offer a deep insight into the crypto sector of India, the world’s second-most populous nation. Titled “Into The Cryptoverse Report India”, the survey revealed that despite stringent taxation on gains from crypto, the Indian market is expected to reach $241 million …

Crypto india regulation tax income tds understand sector first why others should take note
2 years, 4 months ago

Crypto india regulation tax income tds understand sector first why others should take note

ABP News  

Cryptocurrencies have been in the spotlight ever since the Supreme Court removed the blanket ban on them in early 2020. India, despite being a late entrant, embraced the crypto world with open arms and today there are as many as 27 million Indians who hold crypto assets, largely from Tier II and Tier III cities. A close observation of the …

Crypto Tax In India: A Tale Of Control Or Caution?
2 years, 4 months ago

Crypto Tax In India: A Tale Of Control Or Caution?

ABP News  

Cryptocurrency gains face a tax of 30 percent in India. The taxation of cryptocurrencies is also considered a way to legitimise crypto assets in India, without banning them outright, allowing investors and traders to continue dealing with crypto without much worry. Compared to some countries, India’s tax structure might seem a little bit more relaxed, whereas compared to some other …

Crypto Winter, Tax Rules Cast Shadow on India Business; Can They Still be Called Safe?
2 years, 5 months ago

Crypto Winter, Tax Rules Cast Shadow on India Business; Can They Still be Called Safe?

News 18  

Indian investors had readily accepted cryptocurrency as a brilliant means to invest especially after the Bitcoin boom that happened a few years back. With its not-so-accepting approach to cryptocurrencies, the government during Budget 2022 inserted a new Section under the Income Tax Act, whereby income from virtual digital assets would be taxable at the rate of 30 per cent, while …

Crypto Crash: Indian Investors Wary As Mega Sell-Off Continues
2 years, 6 months ago

Crypto Crash: Indian Investors Wary As Mega Sell-Off Continues

ABP News  

New Delhi: As foreign portfolio investors continue to pull out money from the Indian equity market, the sell-off in the crypto market and the digital asset space has also accelerated in the wake of global economic meltdown. More than $200 billion were wiped off the entire cryptocurrency market this week and the globally crypto market capitalisation fell below $1 trillion …

CoinTracker Announces India Launch, to Provide Crypto Tax Compliance to Users; See Benefits
2 years, 6 months ago

CoinTracker Announces India Launch, to Provide Crypto Tax Compliance to Users; See Benefits

News 18  

Leading crypto tax compliance and portfolio tracking platform CoinTracker has announced its foray into the India market with an official product launch in the country. Starting earlier this week, the crypto tax compliance and portfolio tracking products will be available to all crypto users across India, the company said in a press release. CoinTracker also aims to collaborate with partners …

Crypto tax in India: Cryptocurrency investors must know these big changes
2 years, 8 months ago

Crypto tax in India: Cryptocurrency investors must know these big changes

India Today  

In good news for cryptocurrency investors, the government would come up with a list of frequently asked questions on taxation of cryptocurrencies to provide a clarification on the applicability of income tax and Goods and Services Tax on virtual digital assets, according to a PTI report. The Department of Economic Affairs, the Revenue Department and the Reserve Bank are working …

This is how cryptocurrency assets will be taxed from April 1 in India. 10 points
2 years, 8 months ago

This is how cryptocurrency assets will be taxed from April 1 in India. 10 points

Live Mint  

Cryptocurrency assets will be taxed: From 1st April 2022, some changes in the income tax rules announced by Finance Minister Nirmala Sitharaman while presenting Union Budget 2022 will get implemented. Nirmala Sitharaman in the Union Budget 2022 announced that “any income from transfer of any virtual digital asset shall be taxed at the rate of 30 per cent.” “The new …

Crypto Tax rules in India: How will cryptocurrency assets be taxed from April 1?
2 years, 8 months ago

Crypto Tax rules in India: How will cryptocurrency assets be taxed from April 1?

India Today  

Cryptocurrency investors in India will have to pay tax under the new scheme for Taxation of Virtual Digital Assets from April 1. Financial Minister Nirmala Sitharaman in the Union Budget 2022 announced that "any income from transfer of any virtual digital asset shall be taxed at the rate of 30 per cent." The minister also added that in order to …

Crypto tax rules: Should you sell your crypto assets before Mar 31?
2 years, 8 months ago

Crypto tax rules: Should you sell your crypto assets before Mar 31?

Live Mint  

The Indian government has tightened bolts for trading in cryptocurrencies. On Friday, Lok Sabha approved taxation rules on virtual digital assets or "crypto tax" that was proposed in Budget 2022-23 by clearing the Finance Bill 2022. Under the bill, section 115BBH deals with taxes on virtual digital assets, while clause prohibits setting off a loss from crypto assets against income …

Cryptocurrency tax, bill in India: What we know so far
2 years, 8 months ago

Cryptocurrency tax, bill in India: What we know so far

India Today  

The cryptocurrency tax and proposed regulation bill have been a topic of discussion among investors and stakeholders in India for sometime. The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing the set off of any losses with gains from other virtual digital assets, according to a PTI report. FINANCE BILL, 2022 As per the …

Crypto Tax in India: Date, income tax, ITR form, TDS, deduction | Key points
2 years, 9 months ago

Crypto Tax in India: Date, income tax, ITR form, TDS, deduction | Key points

India Today  

As the ongoing financial year 2021-22 draws to a close, there has been a lot of chatter pertaining to crypto-tax in India. The central government in Union Budget 2022 proposed the introduction of a specific tax regime for virtual digital assets. INCOME TAX ON DIGITAL ASSETS FM Sitharama proposed that "any income from the transfer of any virtual digital asset …

Dilemma Over Crypto Regulations Causing Brain Drain In India, Says Polygon Co-Founder Sandeep Nailwal
2 years, 9 months ago

Dilemma Over Crypto Regulations Causing Brain Drain In India, Says Polygon Co-Founder Sandeep Nailwal

ABP News  

New Delhi: The dilemma over embracing cryptocurrency and digital asset in India is compelling thousands of developers, investors, and entrepreneurs to leave for other places with more friendly regulation, said Sandeep Nailwal, co-founder of Polygon, the country’s most famous crypto start-up. Countries will keep losing new talent capabilities until the time they figure it out.” Nailwal, whose Polygon runs the …

Crypto tax in India explained: How much you may have to pay, tips to prepare
2 years, 10 months ago

Crypto tax in India explained: How much you may have to pay, tips to prepare

India Today  

India has nearly 15-20 million cryptocurrency with total crypto holdings of above $5 billion which shows vast interest among crypto investors. Crypto investors will have to pay 30 per cent tax on their profits. This 30 per cent tax on profit also takes into account a 1 per cent Tax Deducted at Source deposited by the facilitator, exchanges, or a …

Cryptocurrency: RBI and govt on the same page, says FM Sitharaman
2 years, 10 months ago

Cryptocurrency: RBI and govt on the same page, says FM Sitharaman

Live Mint  

Cryptocurrency: Finance Minister Nirmala Sitharaman on Monday said there is complete harmony between the central government and the RBI and that they are on the same page on cryptocurrency. The finance minister said that the Centre and the RBI are working in complete harmony on nut just on cryptocurrency but on every other thing as well. “With RBI and Ministry, …

Budget 2022: Implications of crypto tax regime on common investor
2 years, 10 months ago

Budget 2022: Implications of crypto tax regime on common investor

Firstpost  

After months of speculation and waiting, the crypto ecosystem finally has a nod from the Government of India albeit in terms of a tax regime. With crypto being accorded the highest tax slab for any asset class at 30 percent and the implementation of a 1 percent TDS on bigger trades, investors may feel the pinch if they react to …

Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor
2 years, 10 months ago

Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor

India TV News  

Highlights RBI Guv Shaktikanta Das said cryptocurrencies are threat to macroeconomic, financial stability. RBI Governor Shaktikanta Das on Thursday made it clear that private cryptocurrencies are a threat to macroeconomic and financial stability, and undermine its ability to deal with challenges on the two fronts. Private cryptocurrencies or whatever name you call it are a threat to our macroeconomic stability …

A disjointed response: The Hindu Editorial on crypto assets and regulation
2 years, 10 months ago

A disjointed response: The Hindu Editorial on crypto assets and regulation

The Hindu  

One of the most striking moves in the Union Budget’s taxation proposals for 2022-23 is the introduction of a taxation regime for virtual digital assets — evolving manifestations of cryptocurrencies, codes and non-fungible tokens. Finance Minister Nirmala Sitharaman has proposed to tax all profits from transactions in such assets at 30% along with the applicable surcharge and cess, and a …

No rationale for lowering 30% tax on crypto profits: Revenue Secretary Tarun Bajaj
2 years, 10 months ago

No rationale for lowering 30% tax on crypto profits: Revenue Secretary Tarun Bajaj

The Hindu  

The government is open to resolving genuine problems and reservations of crypto-trading players arising from the new taxation regime for virtual digital assets, but is of the firm view that there is no economic rationale for lowering the proposed 30% tax on profits from crypto assets’ trading. While a review of the 1% TDS rate for all virtual assets’ trades …

30% tax on cryptocurrency: India’s plunge in the realm of digital currency
2 years, 10 months ago

30% tax on cryptocurrency: India’s plunge in the realm of digital currency

Op India  

The exponential growth of the cryptocurrency in India was just a phenomenon until it was given a considerable attention by the government. Taking a conservative stand on the taxation of digital currency, Finance Minister Nirmala Sitharaman on Tuesday announced that government would earn 30% behind every penny of profit earned by way of transfer of virtual money. The launch of …

India budget 2022: India announces 30% tax on all cryptocurrencies and NFTs
2 years, 10 months ago

India budget 2022: India announces 30% tax on all cryptocurrencies and NFTs

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India has imposed a 30 per cent tax on any income from the …

Union Budget 2022: India introduces 30% cryptocurrency tax; how it will affect you
2 years, 10 months ago

Union Budget 2022: India introduces 30% cryptocurrency tax; how it will affect you

Firstpost  

Union Budget 2022-23: The announcement of a heavy tax on crypto income has come as a big disappointment for crypto investors as finance minister Nirmala Sitharaman also gave no relief in case of losses Finance minister Nirmala Sitharaman in her 2022 Budget Speech Tuesday said that 30 per cent tax would be charged on income from the transfer of virtual …

Cryptocurrency: RBI to bring India's own digital rupee; how much tax it will attract | All you need to know
2 years, 10 months ago

Cryptocurrency: RBI to bring India's own digital rupee; how much tax it will attract | All you need to know

India TV News  

Highlights RBI to issue digital rupee based on blockchain technology in 2022-23 With this, India will join certain countries that have their own central bank digital currency China's digital RMB was the first digital currency to be issued by a major economy Budget 2022: Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India's own digital currency by the …

How India’s crypto industry reacted to Budget 2022
2 years, 10 months ago

How India’s crypto industry reacted to Budget 2022

Live Mint  

Union Finance Minister Nirmala Sitharaman, in her Budget 2022-23 speech on Tuesday, announced plans to start a digital currency and tax crypto assets, as the country keeps pace with the global move toward virtual financial instruments. Here's how India's crypto industry has reacted to Budget 2022: CoinSwitch CEO Ashish Singhal We welcome the government's decision to introduce central bank digital …

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