Union Budget 2022: Crypto experts laud recognition

There is ambiguity on if and how the govt will allow use of cryptocurrency, but experts say tax on transfers shows it has recognised crypto

In the Budget 2022, Union Minister of Finance Nirmala Sitharaman announced on Tuesday that transfer of any digital/cryptocurrency asset will be taxed at 30 per cent. However, the Centre has not yet confirmed if and how it will allow use of cryptocurrency.

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