Journey of Cryptocurrency in India In View of Financial Budget 2022-23

Varun Shukla, Manoj Kumar Misra and Atul Chaturvedi

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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.

Date: 2022-02
New Economics Papers: this item is included in nep-mon and nep-pay
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