India Finally Warms to Crypto With Tax, Digital Currency
Income from virtual assets to be taxed at 30%, minister says
Plans to introduce digital rupee in fiscal year starting April
Nirmala Sitharaman, India's finance minister, center, and other members of the finance ministry pose for a photography on Feb. 1.Photographer: T. Narayan/Bloomberg
India took a step closer to adopting cryptocurrencies after years of wavering on its stance, as the country seeks to keep up with the global move toward the digital assets. Bitcoin gained.
