Nirmala Sitharaman explains tax on digital assets, crypto and RBI’s digital currency

Finance minister Nirmala Sitharaman, in her post-budget media interaction, made it clear that a currency is a currency only when it is issued by a Central Bank even if it is a crypto. FM Sitharaman said that if profits are…

Nirmala Sitharaman explains tax on digital assets, crypto and RBI's digital currency

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Finance minister Nirmala Sitharaman, in her post-budget media interaction, made it clear that a currency is a currency only when it is issued by a Central Bank even if it is a crypto. FM Sitharaman said that if profits are being made through transactions of digital assets, then it will be taxed at 30%.

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