Budget 2022: Govt's big decision on cryptocurrencies, shock of 30% tax
Budget 2022: Govt's big decision on cryptocurrencies, shock of 30% tax
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Union Finance Minister Nirmala Sitharaman has already presented the Budget 2022 in Parliament. Let us tell you all that earlier on Monday, Finance Minister Nirmala Sitharaman had tabled the Economic Survey 2021-22 in the Lok Sabha. Yes, during this time, Finance Minister Nirmala Sitharaman said that, on the transfer of digital assets, a tax of 30 per cent will be levied by the government. '

At the same time, the Finance Minister said that, 'It has also been announced to bring regular digital currency in India. In digital currency like Bitcoin, the option of new safe investment is being introduced in place of risky investments. Presenting the Budget further, the Finance Minister said that, 'In the financial year 2022-23, the Reserve Bank will launch digitally. The digital currency will be introduced using blockchain and other technologies, the RBI will release it from 2022-23. '

At the same time, it was also said that, using blockchain and other technologies, the Reserve Bank of India will issue digital currency from the year 2022. There is no talk of banning Bitcoin yet. But, now you have to pay tax on it. Bitcoin and other crypto investors have suffered a major setback. ' Apart from this, the budget states that virtual digital assets will be taxed at 30 per cent. Apart from this, it will also take 1% TDS to transfer digitally assets virtually. Let us also tell you all that digital currency is a virtual currency. This means you can't touch or see it like real money.

Yes, although the whole business is based on online systems. The cryptocurrency Bitcoin is also based on this blockchain technology. It is the most popular cryptocurrency right now. In the coming days, the RBI will now release a digital currency based on blockchain technology in India, which is prepared with the help of computer algorithms. At the same time, the account of any transaction in crypto is available in the blockchain and because of this it can be tracked.

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