India may maintain restrictive cryptocurrency tax rules in 2023

ChainCatcher news, according to CoinDesk, Indian Finance Minister Nirmala Sitharaman did not mention cryptocurrencies, virtual digital assets, or central bank digital currencies or digital rupees when announcing the national budget adopting the latest tax rules. This move may indicate that India will continue to maintain the 30% profit tax and the 1% withholding tax on all transactions established in 2022 in 2023. (Source link)