'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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