- All South Korea's presidential candidates have taken crypto-friendly stand in an effort to win over the young.
- Intel is planning to release blockchain accelerators and has lined up some big-name buyers.
- Uber CEO has said that the company will accept cryptocurrency in the future for payments.
THESE three news headlines hammer home the current craze over cryptocurrencies, the world over. India is also no stranger to virtual currency and the rage has kicked in strongly. The government is mindful of the consequences of regulated use of cryptocurrencies and has made moves to regulate it by bringing its trade under the tax net.
In her budget speech, Union Finance Minister Nirmala Sitharaman had said that any income from transfer of any virtual digital asset shall be taxed at the rate of 30%, and one percent GST will also be levied on the crypto trade. The Reserve Bank of India (RBI) is also on the same page as the government, and is all set to launch its own digital currency. The government has termed the investment in cryptocurrencies as speculative and said that it will not be responsible for the loss caused by its use. This is a reason for concern for the 10.5 crore crypto investors of the country. So, naturally, the question arises: How safe are cryptocurrencies?
Bu hikaye India Legal dergisinin February 28, 2022 sayısından alınmıştır.
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Bu hikaye India Legal dergisinin February 28, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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