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Govt not planning a law soon to regulate cryptocurrencies: Report
short by Pragya Swastik / on Friday, 1 April, 2022
The government isn't planning a law soon to either regulate or tighten provisions relating to cryptocurrencies, Bloomberg reported on Friday. The Indian government will frame a law for cryptocurrencies only after a global consensus emerges on regulating such assets, the report added. During the Budget, the government announced a 30% tax on income from virtual digital assets from April 1.
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