India Embraces Bitcoin, Crypto. But There’s a Catch

0
3
Published by
The Street

By Rob Lenihan India’s finance minister says the country will impose a 30% tax on income from cryptocurrencies, and will introduce a digital currency. Crypto now is now legal in India. The country will impose a 30% tax on income from cryptocurrencies and other digital currencies, officials said, which will put them in the highest tax band. Finance minister Nirmala Sitharaman made the announcement Tuesday while presenting the budget. The tax would also apply to gifts of digital assets, with recipients being liable to pay the levy. “The government will also track the money trail in crypto deals …

Read More