Is This a Big Setback for Indian Crypto Industry ? – Adv. P. M. Mishra

In a major setback for India’s booming crypto industry, the Finance minister has announced that any income from the transfer of digital assets (crypto) will be charged 30% tax, along with TDS on payment made in relation to the transfer of virtual digital assets at the rate of 1% of such consideration above a monetary threshold.

Watch Adv. P. M. Mishra speak on the recent setbacks for the Indian crypto industry.