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Budget 2022: Digital Rupee to be issued, gains from digital assets to be taxed at 30%

A new digital rupee powered by blockchain technology will be issued by the Reserve Bank of India starting 2022-23. This was announced by Finance Minister Nirmala Sitharaman during the Union Budget 2022 today.

In a blockchain, the transaction records cannot be changed at all and the ledger is transparent and authentic, which is why it is used in cryptocurrency as well. Meanwhile, the government has also announced that any income from transfer of digital assets will be taxed at 30 per cent rate.

Source🤝

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