Nirmala Sitharaman – India’s Finance Minister – today said the country’s central bank will launch a digital currency next fiscal year (between April 1 & March 31). Blockchain technology will be used in the product.
India proposes 30% tax on crypto and NFTs income – TechCrunch
India on Tuesday proposed launching a digital rupee by next year and a 30% tax on income from transfer of virtual digital assets such as cryptocurrencies and NFTs in one of the most remarkable tech and business-focused federal budgets presented by New Delhi. India has also proposed a tax deduction at source of on payments made related to purchase of virtual assets to capture details of all such transactions, the nation’s finance minister Nirmala Sitharaman said Tuesday.
Link: India proposes 30% tax on crypto and NFTs income
via techcrunch.com
