- Minister: Income from virtual assets will be taxed at 30%, he told the press.
- They want to start using digital rupees in fiscal year that starts in April.
As the world moves toward cryptocurrencies, India has changed its mind about using them for a long time, but now the country wants to stay up to date with the global trend. Bitcoin went up.
Minister Nirmala Sitharaman said that the Reserve Bank of India will start using digital money in the year that starts on April 1. The country also plans to tax the income from the sale of virtual assets at 30%, she said, which will clear up any legal questions about them.