'Private Cryptocurrency Not Legal Tender in India, But Will be Taxed Since People Keep it As An Asset': Piyush Goyal on Union Budget 2022-23
Piyush Goyal said that RBI will issue an official digital currency so India does not fall behind while the world moves forward with blockchain and new technologies.
India will impose a tax of 30% on income from cryptocurrencies and other digital assets, finance minister Nirmala Sitharaman said while presenting the union budget on Tuesday. The finance minister also said that the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology.
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#WATCH | Union Commerce & Industry Minister Piyush Goyal speaks on digital currency, "RBI will issue an official digital currency so that India does not fall behind while the world moves forward with blockchain & new technologies." pic.twitter.com/KTJWX9lt5b
— ANI (@ANI) February 1, 2022
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(The above story first appeared on LatestLY on Feb 01, 2022 06:38 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
