Here’s why India held on to older crypto reforms in national budget 2023

by Aurelia Butler 1 February 2023, 10:20 119 Views

Indian finance minister Nirmala Sitharaman presented the union budget on Feb. 1, announcing key changes to the income tax slabs, but didn’t mention crypto or central bank digital currency or blockchain tech during the session. Last year, India levied a 30% tax on crypto profits and a 1% tax deducted at source (TDS) on all crypto transactions, derailing a thriving industry almost immediately.

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Source: Cryptocurrency - investing.com

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Here’s why India held on to older crypto reforms in national budget 2023

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