The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area.

The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-23, Indian Finance Minister Nirmala Sitharaman said during her budget speech. RBI’s Digital Currency, the Digital Rupee, Coming Soon India’s finance […]

After months of all kinds of rumors, a little bit of clarity is finally coming out of India regarding cryptocurrency regulation. The Indian government has announced a plan to tax income from cryptocurrency and non-fungible token (NFT) transactions by 30%. The country’s finance minister Nirmala Sitharaman also proposed a 1% tax deduction on payments related […]

The post India Introduces 30% Tax On All Crypto Income appeared first on Coin Bureau.

India will impose a tax of 30% on income from cryptocurrencies and other digital assets, finance minister Nirmala Sitharaman said while presenting the Union budget today. The finance minister also revealed that the country’s central bank will issue a national digital currency in the upcoming year. Industry estimates suggest 15 million to 20 million crypto […]

Presenting the Union Budget 2022-23, Finance Minister Nirmala Sitharaman said that the Reserve Bank of India (RBI) would introduce the digital rupee in 2022. “RBI to issue digital rupee using blockchain technology In FY22-23,” the finance minister said in the parliament. Sitharaman noted, “Digital currency will also lead to a more efficient and cheaper currency […]