India finally gave cryptocurrency and digital assets some recognition, although its proposal for a 30% tax on income from all virtual assets will upset many. This levy includes cryptocurrency exchanges, as well as NFT (Non-Fungible Token) trades. This move comes after a lot of uncertainty around the legality of cryptocurrency trades and exchanges created by rumors of a blanket ban last year. However, Finance Minister Nirmala Sitharaman said that the government will present a new draft of the crypto bill soon, with an aim to regulate digital currency transactions. While the draft hasn’t been tabled, India made two important announcements…This story continues at The Next Web https://thenextweb.com/news/india-crypto-tax-30-offset-bitcoin-analysis
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