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Journey of Cryptocurrency in India In View of Financial Budget 2022-23 | | Varun Shukla
; Manoj Kumar Misra
; Atul Chaturvedi
; | | Date: |
4 Feb 2022 | | Abstract: | Recently, Indian Finance minister Nirmala Sitharaman announced in Union
budget 2022-23 that Indian government will put 30% tax (the highest tax slab in
India) on income generated from cryptocurrencies. Big financial institutions,
experts and academicians have different opinions in this regard. They claim
that it would be the end of cryptocurrency market in India or it would be
possible that RBI (Reserve Bank of India) may launch its own crypto or digital
currency. So in this context, in this article, the journey and future aspects
of cryptocurrency in India are discussed and we hope that it will be a
reference for further research and discussion in this area. | | Source: | arXiv, 2203.12606 | | Services: | Forum | Review | PDF | Favorites | |
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