Forbes - Tax season 🧾

Meanwhile... Sitharaman also announced a digital rupee will most likely be issued during the coming 2022-2023 fiscal year, the first time the Indian government has given a timeline on the launch of a central bank digital currency (CBDC), and claiming the launch of a digital rupee will usher in cheaper, more efficient currency management.

Overall win: "India is legalizing crypto-assets," tech investor and former Coinbase chief technology officer Balaji Srinivasan posted to Twitter. "There's significant fine print, especially around tax, but overall this is a win."

More reaction: The move, which takes "concern of a ban off the table," Darshan Bathija, chief executive of Singapore-based crypto exchange Vauld told Bloomberg, has been warmly welcomed by companies that have been expanding into the country despite the looming threat of a strict crypto ban. "Thirty percent tax on income from virtual digital assets, while high, is a positive step as it legitimizes crypto and hints at an optimistic sentiment towards further acceptance of crypto and NFTs," said Avinash Shekhar, chief executive of crypto exchange ZebPay, told Reuters.

Now read this: SEC Objects To MicroStrategy Accurately Valuing Its Billion-Dollar Bitcoin Stash