{"id":14526,"date":"2022-02-02T16:14:26","date_gmt":"2022-02-02T10:44:26","guid":{"rendered":"https:\/\/zebpay.com\/?p=14526"},"modified":"2022-02-02T16:14:26","modified_gmt":"2022-02-02T10:44:26","slug":"budget-2022-cryptos-here-to-stay","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/budget-2022-cryptos-here-to-stay","title":{"rendered":"Budget 2022: Crypto\u2019s here to stay!"},"content":{"rendered":"\n<p>Nearly five years after the RBI issued its notification barring banks from working with digital assets, India finally has regulations governing our industry. Crypto is here to stay!<\/p>\n\n\n\n<p>As part of the Union Budget 2022-23, Finance Minister Nirmala Sitharaman introduced two major updates to the government\u2019s tax policy:<\/p>\n\n\n\n<ol><li>Income earned from the transfer of virtual digital assets will be subject to taxation at 30%<\/li><li>The RBI will introduce a blockchain-based digital rupee by the end of the current financial year.<\/li><\/ol>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The move to tax virtual digital assets gives the entire ecosystem including investors and exchanges transparency on the road ahead. <a href=\"https:\/\/twitter.com\/hashtag\/ZebPay?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#ZebPay<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/India?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#India<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Budget2022?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Budget2022<\/a> <a href=\"https:\/\/t.co\/CmbYDRKFKI\" target=\"_blank\">pic.twitter.com\/CmbYDRKFKI<\/a><\/p>&mdash; ZebPay (@zebpay) <a href=\"https:\/\/twitter.com\/zebpay\/status\/1488498974650961923?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">February 1, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"what-does-this-mean-for-india\">What does this mean for India?<\/h3>\n\n\n\n<p>As of 2022, India has more than 15 million crypto investors. India also ranks second on Chainalysis\u2019 Global Crypto Adoption Index, meaning this number is set to grow exponentially in the years to come.<\/p>\n\n\n\n<p>The announcement signals a great step forward for the blockchain and crypto industry. With taxation in place, the government now recognizes crypto and crypto-trading to be a legitimate activity.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/connect.zebpay.com\/account\/UserRegistration?returnUrl=%2FAccount%2FCampaignRegister%3F\" target=\"_blank\" rel=\"noreferrer noopener\">To all the people who have wanted to invest, but were unsure of the government\u2019s stand &#8211; this is your time!<\/a><\/strong><\/p>\n\n\n\n<p>Clarity from the government will bring in not just a new wave of investors, but professionals willing to lend their expertise to the industry as well. A growing talent pool means we\u2019re going to quickly see greater innovation and growth in the projects we work with.<\/p>\n\n\n\n<p>We think it\u2019s safe to say, crypto has officially hit the mainstream.<\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-dots\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Nearly five years after the RBI issued its notification barring banks from working with digital assets, India finally has regulations governing our industry. Crypto is here to stay! As part of the Union Budget 2022-23, Finance Minister Nirmala Sitharaman introduced two major updates to the government\u2019s tax policy: Income earned from the transfer of virtual [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/14526"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=14526"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/14526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/14527"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=14526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=14526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=14526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}